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Hi-tech weaving park at Palladam
PTI - Coimbatore
The process for setting up a mega "hi-tech weaving
park" at Palladam near here, the first of its kind in the country in the
decentralised weaving sector, has been set in motion, with applications invited
from entrepreneurs.
Palladam Hi-Tech Weaving Park (PHWP) was expected to
come up at a 135-acre plot, housing 150 to 200 units, at a cost of Rs 150 crore,
Mr M Senthil Kumar, chairman, Powerloom Development and Export Promotion Council
(PDEXCIL), initiators of the project, said. The park would facilitate the weaving
industry to gear up to face the challenges of trade globalisation by 2004 and
also to avail the benefits under various government schemes, he said.
The central schemes include group workshed scheme for
decentralised powerloom weaving industry, Textile Centre Infrastructure Development
Scheme and Technology Upgradation Fund Scheme, along with Tamil Nadu government’s
financial and development assistance, Mr Senthilkumar said. The park would be
ready by September 2004, he added.
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