Scheme For Integrated Textile Parks (SITP)

SITP was dispatched in 2005, To furnish the business with top-notch cutting-edge framework offices for setting up their material units and to draw in unfamiliar financial backers to the homegrown material area.

Key highlights under this scheme:

• Under the SITP, framework offices for setting up material units are created in a Public-Private-Partnership (PPP) model.
• The Government of India awards up to 40% of the undertaking cost.
• Nonetheless, it awards up to 90% of the venture cost for the initial two activities (each) in the North Eastern States, Himachal Pradesh, Uttarakhand and Union Territory of Jammu and Kashmir and Union Territory of Ladakh.
• The public authority's help is restricted to Rs. 40 crores for every material park.
• Each Integrated Textile Park (ITP) under the plan would typically have 50 units. The number of business people and the resultant interests in each ITP could change from one venture to another.