The Hindu Business Line : Work on powerloom weaving park to start in January

The civil work for the Rs 125-crore powerloom weaving park project, promoted by the special purpose Komarapalayam Hi-tech Weaving Park Ltd (KHWP), is slated to start by January 2007.

The special purpose company has floated tender for awarding the civil work at the project site at Korapaliyur near Thiruchengodu in Namakkal district.

"The tender for the civil work is scheduled to be opened on December 23, 2006 and the award of contract will be completed by January first week," said Mr L.A.D. Palanisamy, chairman and managing director of the KHWP, adding the construction work would be started immediately thereafter.

The KHWP project is to be designed to have totally 55 weaving sheds, a sizing unit and one spinning unit on a project area measuring 30.60 acres. The project has been approved by the Central Government under the Scheme of integrated textile park (SITP). Infrastructure Leasing and Financial Services Ltd (IL&FS) is the project management consultant.

The integrated textile weaving park is set to have 600 modern shuttle-less weaving machines of rapier models to produce the narrow width yarn-dyed fabric/grey cotton sheets to be used by the apparel industry. The Government of India will share a part of the infrastructure cost (say 40 per cent) to be expended by the promoters for creating common infrastructure such as roads, water supply, testing and training centres/employee facilities inside the project.

"The KHWP will have its infrastructure building costs at Rs 35 crore and it stands to get about Rs 14 crore from the Centre towards the infrastructure grant allowed under the SITP programme," said Mr Palanisamy.

Individual promoters of the project numbering 57 who invest in plant and machinery besides the basic infrastructure in the park are planning to enter into long-term marketing arrangements with specific importers from Europe. Once the entire 600 looms are in place, the park is expected to produce about 50,000 metres of fabric a day.

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