INDIA: Government Plans 25 Apparel Parks
The Indian government is planning to establish 25 Apparel Parks for Exports to boost India's competitive edge over the next two years.
The parks, which will be set up at or near to textile industry centres, have been given the go-ahead by The Ministry of Textiles.
13 parks are already being set up, with ten more planned within the next year. Each park, which will create approximately 20 thousand jobs, is due to get a 40 per cent subsidy from the Centre for creation of necessary infrastructural facilities.
The scheme is hoped to enhance India's competitive edge in the challenging post-quota textiles industry.
A Vision Statement from the Ministry's specialists committee has determined a textiles export goal of $80 billion by 2010.
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