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IL&FS to assist creation of textile parks

CHENNAI: The Indian textile industry, in partnership with the Union Government and Infrastructure Leasing and Financial Services (IL&FS), is creating another success story in creation of world-class infrastructure through dedicated textile parks. IL&FS, besides being involved in identification of potential projects, their structuring, designing and execution, has also developed innovative financing instruments to fund the common infrastructure in the parks. IL&FS has tied up the debt portion of the project cost for all the parks, a release says.

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