The Indian Industries Association (IIA), the micro, small and medium enterprises body, has urged the Uttar Pradesh government to set up a textile park in Farrukhabad district of the state.
Farrukhabad is famous for textile printing and over the last 200 years has been a source of livelihood for local craftsmen.
“About 250 textile entrepreneurs are willing to locate to the proposed textile park in Farrukhabad and we have already submitted the list to the state government,” IIA executive director DS Verma said.
A similar textile park is also coming up near Hapur in Western Uttar Pradesh, he said, adding the union textiles ministry was ready to fund 40 per cent of the project cost.
To discuss issues relating to the textile industry, especially handloom and powerloom, Udyog Bandhu recently held a brainstorming session with the industry representatives and other stakeholders here. Udyog Bandhu is the apex institution set up under the UP industry department to catalyse industrialisation in the state and act as an industry interface with the government.
Besides senior government officials, several industry associations such as IIA, PHD Chamber of Commerce, Northern India Textile Research Association and Assocham raised issues plaguing the textile sector.
Other issues included tax benefits, skill development, power and subsidy to handloom/powerloom units.
UP has a rich heritage in textile and handicraft, which notably spans silk work in Varanasi, Chikan and zari work in Lucknow, carpets in Bhadohi, and textile printing in Farrukhabad.
Tax experts say valuation of shares is a grey area and may lead to litigation
A host of key issues were discussed by foreign ministers of Saarc countries, ahead of the summit-level deliberations that begin Wednesday