CUDDALORE : A textile processing park estimated to cost Rs. 450 crore will come up on a 317-acre site in the third phase of the SIPCOT Industrial Estate here.

The South Indian Mills Association (SIMA) has promoted a special purpose vehicle, SIMA Textile Processing Centre Ltd (STPC), for domiciling the project.

According to the project proposal submitted by the Infrastructure Leasing and Financial Services Ltd (IL & FS), seven leading members of the SIMA — Loyal Textile Mills, VTM Ltd., Eastman Exports, Sri Saravana Spinning Mills, Bannari Amman Group, Super Spinning Mills and BKS Textiles Ltd — intend to set up individual units in the park. The grant under the Centre's Scheme for Integrated Textile Parks will be Rs. 40 crore. About 60 per cent of the yarn, knit fabric and woven fabric requirement of the units will be sourced by the entrepreneurs from their existing operations located elsewhere and the balance from the textile clusters at Erode, Karur and Tirupur. The park envisages an aggregate value addition of about Rs. 500 crore annually, evenly split between knitted and woven fabrics. The processed product will cater to export and domestic markets. Eventually, exports could touch 90 per cent of production.

Water requirement

The park's water requirement is estimated at 10.95 million litres a day. This will be met by sinking 12 deep borewells capable of pumping out 1,000 litres of water a minute for 16 hours a day.

The units are expected to generate 10.5 mld of effluents. It is proposed togo in for a decentralised effluent treatment system for effective monitoring and control. Treated effluents will be discharged into the sea, through a five km pipeline length

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