TN GOVT CONTRIBUTES RS 4,445 CR TO SET UP UBER MATERIAL PARK IN VIRUDHUNAGAR

The Tamil Nadu government has reserved Rs 4,445 crore to lay out super material park in Virudhunagar, said R Gandhi, Minister for Handlooms and Textiles in the state gathering. It will be set up under the focal government’s plan of PM Mega Integrated Textile Regions and Apparel Parks (MITRA) expected to reinforce Indian material industry.

To benefit the plan, a proposition has been sent by the state government to the association government, informed the clergyman. Making sense of the arrangement note the clergyman said a unique reason vehicle would be set up with 51% value shareholding of the state government and 49 percent of the Union government. More than seven years till 2027-2028, managerial costs of Rs 30 crore bas been saved by the state government.