Business Standard
Saturday, May 26, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Tirupur units unhappy over Rs 200 cr allocation
BS Reporter / Chennai Mar 03, 2010, 00:45 IST

The Finance Minister had today announced a one-time grant of Rs 200 crore for setting up an effluent treatment plant in Tirupur, one of the country’s largest textile hubs in the country, Tamil Nadu. But, the industry may not be very happy with it as it was expecting around Rs 500 crore.

Finance Minister Pranab Mukherjee had said while presenting the Budget that the government had proposed a one time grant of Rs 200 crore to Tamil Nadu towards the cost of installation of a zero liquid discharge system at Tirupur to sustain the knitwear industry.

“The industry, which provides livelihood to thousands will now be able to do so without undermining the environment,” he added.

It may be recalled, the Supreme Court had passed an order imposing a fine of around Rs 55 crore on the dyeing and bleaching industry of Tirupur, for polluting the Noyyal River and also affecting the ground water quality.

An industry representative had said that the industry had set up 20 common effluents plants in the town for around Rs 800 crore.

The Tamil Nadu government had sanctioned Rs 120 crore for the project. Meanwhile A Sakthivel, president, Tirupur Exporters’ Association (TEA), welcomed the launch of an exclusive skill development programme in the textile and garment sector as it is the need of the hour for the knitwear garment sector and added that the initiative will help enhance labour productivity.

Sakthivel said, Technology Upgradation Fund (TUF) allocation of Rs 2,400 crore and said the allocation would help in reimbursing of interest under TUF scheme to the borrowers who opted for the TUF scheme.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- SAIL to add 5 mn tonne capacity in FY13
- NHPC FY12 net up 28% at Rs 2,772 cr
- Aarti Industries Q4 up nearly 27% at Rs 28.24 crore
- BPCL posts four-fold jump in Q4 net at Rs 3,963 cr
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Reddy rules out rollback of rise in petrol prices
- FIIs bet heavily in Indian market, but in Singapore
- Ajit Singh meets striking pilots
- IPL on turning track, broadcast revenue down by a third
- No country for easy skill development
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us