The Cabinet Committee on Economic Affairs, CCEA, today approved the release of funds for establishing 21 integrated textile parks with a total investment of 819 crore rupees during the 12th Five Year Plan. The objective of the parks is to provide the industry world-class infrastructure facilities for setting up their textiles units.

AIR correspondent reports, in October 2010, the CCEA approved a proposal for the sanction of additional parks under the Scheme for Integrated Textiles Parks to utilise the balance of 200 crore rupees in the 11th Plan.

The CCEA also approved disinvestment of 10 per cent equity in Hindustan Aeronautics Limited, HAL, through Initial Public Offer, IPO in the domestic market. Breifing the media after the meeting Finance Minister P Chidambram said five per cent discount on the issue price will be allowed for retail investors as well as to eligible employees of HAL. He said the disinvestment of HAL will take place in the next fiscal