INDIA: Bihar to establish two textile parks at a cost of 145 crore
The Nitish Kumar-led state government is planning to establish two textile parks in the state. The first one, known as Vikramshila Textile Park, is being set at a cost of Rs 120 crore and the second one, Angh Pradesh Handloom Park will be set up at a cost of Rs 25 crore.
The two parks together are expected to attract investments of over Rs 600 crore.
The proposed textile parks at Bhagalpur, is expected to give a thrust to the state’s textile industry. The parks would be truly integrated in nature and have all the major segments of the textile industry, including weaving, spinning, processing, embroidering and apparel manufacturing units.
The state Government has appointed IL&FS to work out a framework for the revival of three sick state textile units that have been lying closed for about a decade. IL&FS is one of India’s leading infrastructure development and finance companies.
The three mills are Bhagalpur Cooperative Spinning Mills (Bhagalpur), Pandaul Cooperative Spinning Mills (Madhubani) and Siwan Cooperative Spinning Mills (Siwan).
Each of them has a capacity of 25,000 spindles and was manufacturing cotton and blended yarns before shutting down
Added: November 28, 2007Source: Agencies