The Centre has sanctioned 200 crore rupees to the Tirupur Dyeing industry which is on the verge of closure due to financial crisis on account of their investments in the Zero Liquid Discharge (ZLD) projects. <br/><br/>The 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 complete the project to achieve full capacity utilisation. <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 1,000 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.
News On AIR | December 29, 2016 7:14 AM
Govt sanctions Rs 200 crore for Tirupur's Textile industry