Yogi govt to set up textile park in Farukkhabad
- By NewsOnFloor Staff
- Aug 23, 2019
- 113 views
Lucknow, Aug 23 (IANS) The Yogi Adityanath government has decided to set up a textile park in Farukkhabad district in Uttar Pradesh.
"The park would be spread over 14 hectares and the textile units spread in Farukkhabad would be shifted there one by one. The state is expecting an investment of Rs 200 crores, which would boost the sector and generate jobs. This will also prevent the exodus of educated youth from small cities to bigger ones, state Principal Secretary for micro, small and medium enterprises Navneet Sehgal said.
He said that land for the project has been acquired and investments have also been arranged.
There are 104 textile units in Farukkhabad, and 80 of them are ready to shift to the park. The official said that the process of shifting the remaining units has been initiated.
The proposal to set up a textile park in Farukkhabad was initiated almost a decade back. The local traders had been demanding a textile park as it will provide tax benefits and power subsidy to the handloom and powerloom units.
Sehgal said as the Central Pollution Control Board had asked the textile units to shift out of the city limits, the Textile Ministry gave permission to set up a textile park.
The park will be maintained and developed by private players.
Source : ians