December 28, 2016 8:48 PM

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Centre sanctions Rs 200 crore for Tirupur's Textile industry

The Centre has sanctioned 200 crore rupees to the Tirupur Dyeing industry which was on the verge of closure due to financial crisis on account of their investments in the Zero Liquid Discharge (ZLD) projects. <br/><br/>Ministry of Textiles in a release said, taking cognisance of the problem of the dyeing industry, the amount was sanctioned to the Tamil Nadu Government for the 18 Common Effluent Plants, CETPs as an interest free loan.<br/><br/>The move will help ailing CETPs and 450 dyeing units to recover from the financial crisis and help them to a complete the project to achieve full capacity utilization. <br/><br/>More than 450 dyeing units in Tirupur Dyeing Industry had collectively set up 18 ZLD enabled Common Effluent plants with a total cost of over one thousand crore rupees. Tirupur is a hub of the textile processing and knitting industry providing employment to over 5 lakh persons and contributes 22 per cent of the total garment export of the country.

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