Summary:
But allied industries like dyeing units were not covered in the scheme,” Nagarajan said.Some industrialists, however, were skeptical. “We are awaiting the release of Tamil Nadu government’s textile policy,” said A Sakthivel, vice-chairman, Apparel Export Promotion Council. “It will never be easy for other states to attract industries from Tirupur apparel cluster because of its unique structure,” industry officials said. For the industrial players who could invest in the industrial park, the neighbouring state government is ready to provide 25% subsidy for any capital investment. The government would pay 8% interest for bank loans availed by the companies and also 50% of GST incurred by them..