Business

CCEA approves Rs 5 bln for ‘green’ scheme for textile units

The Cabinet Committee on Economic Affairs (CCEA) has finally approved the Integrated Processing Development Scheme (IPDS) with a corpus of Rs 5 billion to make textile processing units more environment-friendly and globally competitive. The fund will be used to set up four to six brownfield projects and three to five greenfield projects over the 12th Plan period addressing environmental issues faced by textile processing units, a government release said.

The eligible projects under the scheme would cover common effluent treatment plants, captive power generation on technology preferably renewable/green technology, infrastructure such as storm water management, necessary roads and pipelines for water and wastewater, testing facility and R&D centers, the release added. The scheme will support upgradation of existing processing clusters/centers specifically in the area of water and waste water management and also encourage research and development work in the textile processing sector.