Coimbatore, Feb. 3
THE office of the Textile Commissioner under the Ministry of Textiles (MoT) has suggested that the Tamil Nadu Government make early budgetary allocation as the latter's share for the capital subsidy reimbursement programme under the Hi-tech Powerloom Weaving Park projects being promoted in the State.
The suggestion was made at a high-level meet on speeding up the hi-tech powerloom weaving parks projects. The office of the Textile Commissioner is the facilitating agency for promotion of such parks in the country.
The meet, convened by the State Government last week, was presided over by the Textile Minister, Mr Somasundaram. The meet, which went into issues relating to the implementation of at least three hi-tech powerloom weaving park projects approved by the Central Government's high-powered committee recently, also heard the representatives of the Textile Commissioner's Office urging the Government for early formation of the State-level monitoring committee which can supervise the hi-tech parks' implementation.
The constitution of the monitoring committee is a pre-requisite for sanctioning of the Centrally funded Textile Centre Infrastructure Development Scheme (TCIDS), the key component in the projects. The sanctioned funding (as capital subsidy) under the TCIDS for basic infrastructure is reimbursed to the park project promoters (namely the weavers promoted special purpose companies) by the Centre and the State 75:25.
According to the charter of the TCIDS, the monitoring committee will oversee the implementation of each approved park proposal and it will comprise representatives of the Ministry of Textiles, Tamil Nadu's Department of Textiles, powerloom industry nominees and members of the financial institutions involved in funding the project.
Besides the TCIDS element, the other Centrally sponsored project that has been dovetailed into the powerloom park project is the Group Work Shed (GWS) project for which the entire subsidy is met by the Centre alone. The GWS is meant for providing capital subsidy for building the loom-shed by the participating weavers and the maximum subsidy allowed under this per beneficiary will be Rs 11.52 lakh to build 14,400 sq ft area of shed (with the cost of construction limited to Rs 80 per sq.ft).
Mr D. Bhandopadhyaya, Director and officer-in-charge, Regional TC's Office, Coimbatore, who attended the meet in Chennai on January 31 told Business Line that the State had positively responded to the suggestion for the budgetary allocation for its share of TCIDS subsidy reimbursement. He also hoped that the Government would move soon to form the monitoring committee for the Weaving Park Projects approved in the State.
The three parks cleared by the Centre's Empowered Committee are those promoted in Palladam in Coimbatore, Komarapalayam in Nammkal and Andipatti in Theni. The total Central subsidy involved works out to Rs 20 crore.