India sanctions of Rs 200.00 crore for Tirupur Dyeing Industry

India sanctions of Rs 200.00 crore for Tirupur Dyeing Industry

NEW DELHI (INDIA): The Government of India has sanctioned Rs 200.00 crore to the Tirupur Dyeing industry who was on the verge of closure due to severe financial crisis on account of their huge investments in the first ever Zero Liquid Discharge (ZLD) projects in the country.nnThe Government of India has taken cognizance of this problem of the dyeing industry in Tirupur and on recommendation of the Ministry of Textiles; Ministry of Finance has sanctioned Rs 200.00 crore to the State Government of Tamil Nadu for the 18 CETPs as an interest free loan to be converted into grant based on the performance of the CETPs.nnThe move will help ailing CETPs and 450 dyeing units to recover from the financial crisis and help them to a complete the project to achieve 100% capacity utilization.nnMore than 450 dyeing units in Tirupur Dyeing Industry had collectively set up 18 ZLD enabled Common Effluent plants (CETPs) with a total cost of Rs 1013.00 crore. The project has become a global standard and appreciated by the environmentalist and processing industry world over. However being the first project of its kind the project had several technical challenges and cost overrun which put them into financial crisis due to outstanding Bank loans and incomplete projects.nnTirupur is a hub of the textile processing and knitting industry providing employment to over 5 lakh persons and contributes 22% of the total garment export of the country. Closure of processing industry could have hit the entire garmenting sector in the region.

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