Textile Park in Telangana For MSMEs Proposed by TSIIC
Eyeing at boosting the textile sector of the state including the Micro, Small and Medium Enterprises (MSMEs), the Telangana State Industrial Infrastructure Corporation (TSIIC) has proposed establishment of small and medium scale textile parks or clusters spread over 50-100 acre each.
The state government is likely to provide special subsidies and incentives for the units in these proposed parks.
The main focus of the parks would be to encourage reverse migration of weavers to their home state.
TSIIC chairman Gyadari Balamallu during an interaction with textile industry management officials said that weavers along with other stakeholders including entrepreneurs in the recent past have migrated to other place.
Once the textile park becomes functional, it would lead to an inward migration adding to the economy of the region.
Also during the meeting, the officials were assured that the government is considering allotting land for residential plots so that the workers at these units can be housed in the vicinity saving time.
The mega textile park would be expanded based on the demand from textile industries, he added.
Balamallu further informed that besides allocation of 100 acres in the megal textile park, the TSIIC Chairman also stated that a proposal for setting up a small scale textile park was consideration in Pendyala village of Janagaon district.