| |
 |
Industry Associations/Groups of
Entrepreneurs would be the main
promoters of the ITPs. At each |
| |
|
ITP, there would be a separate
Special Purpose Vehicle (SPV) formed
with the representatives of |
| |
|
local Industry, Financial
Institutions, State and Central
Government. SPV shall invariably be
a |
| |
|
Corporate Body registered under the
Companies Act. |
| |
|
|
| |
|
MOT shall appoint a panel of
professional agencies, which have
considerable experience and |
| |
|
expertise in the area of
infrastructure development, as
Project Management Consultants (PMCs) |
| |
|
for implementing the Scheme.. |
| |
|
|
| |
|
The PMCs will be responsible for the
speedy implementation of the
Projects in a transparent and |
| |
|
professional manner so as to achieve
high degree of quality at a low cost
acceptable to the |
| |
|
members of the SPV for which fee
will be paid to the PMCs by the
Ministry of Textiles. |
| |
|
|
| |
|
These SPVs would be the focal points
for implementation of the Scheme,
playing the following role: |
| |
|
|
| |
|
The ongoing projects sanctioned
under the TCIDS/APES will continue
to be provided Government |
| |
|
assistance, as per the provisions of
the respective scheme, out of the
budget provision for SITP. |
| |
|
|
|
D. Role of State Government: |
| |
|
The role of the State Government is
envisaged in the following areas: |
| |
|
Providing all the requisite
clearances, wherever needed, for
setting up the ITP and providing the
necessary assistance for Power,
Water and other utilities to the ITP.
Assist in identification and
procurement of suitable land.
The State Government agencies like
Infrastructure/Industry Development
Corporations may also participate in
the projects by way of subscribing
to the equity of SPV or by providing
grants.
Providing flexible and conducive
labour environment and consider
special facilities like exemption of
stamp duty etc. for the units
located in the ITP.
Dovetailing of other related schemes
for overall effectiveness and
efficiency of the project. |
| |
|
In order to facilitate proper
coordination, State Governments
would be requested to participate in |
| |
|
the SPV. |
| |
|
|
|
E. Funding Pattern: |
| |
|
|
| |
|
The total project cost, as indicated
in para 2.4, shall be funded through
a mix of Equity/Grant – |
| |
|
from the Ministry of Textiles, State
Government, State Industrial
Development Corporation, |
| |
|
Industry, Project Management
Consultant and Loan – from Banks/
Financial Institutions. |
| |
|
|
| |
|
The Government of India’s (GOI)
support under the Scheme by way of
Grant or Equity will be |
| |
|
limited to 40% of the project cost
subject to a ceiling of Rs. 40 crore.
GOI support under the |
| |
|
Scheme will be generally in the form
of grant to the SPV unless
specifically decided to be equity. |
| |
|
However, the combined equity stake
of GOI/State Government/State
Industrial Development |
| |
|
Corporation, if any, should not
exceed 49%. |
| |
|
|
| |
|
However, GOI support will be
provided @90% of the project cost
subject to a ceiling of Rs. 40 |
| |
|
crore for first two projects in the
States of Arunachal Pradesh, Assam,
Manipur, Meghalaya, |
| |
|
Mizoram, Nagaland, Tripura, Sikkim
and Jammu & Kashmir. |
| |
|
|
|
F. Purchase of land: |
| |
|
|
| |
|
Land for Textile Parks shall be
purchased / arranged by the SPV. The
registered value of land |
| |
|
would be taken as part of the
Industry’s equity/share in the
project. The GOI grant shall not be |
| |
|
used for procurement of land. |
| |
|
|
|
G. Project Formulation: |
| |
|
|
| |
|
The project proposal shall be
formulated by a PMC after conducting
a diagnostic study of the |
| |
|
requirements of common facility and
infrastructure in the specific
location and based on demand |
| |
|
and potentiality. |
| |
|
|
H. Project Approval Committee:
The project proposals shall be
considered and sanctioned by a
Project Approval Committee (PAC)
headed by Secretary (Textiles). The
other members of the Committee shall
be as follows: |
| |
|
|
| |
|
Advisor (Industry), Planning
Commission |
| |
|
Additional Secretary & Financial
Advisor, Ministry of Textiles. |
| |
|
Textile Commissioner, Mumbai |
| |
|
Joint Secretary (PF-II), Department
of Expenditure |
| |
|
Joint Secretary (Infrastructure),
Department of Commerce |
| |
|
Joint Secretary (IIUS), Department
of Industrial Policy & Promotion |
| |
|
Economic Advisor, Ministry of
Textiles |
| |
|
Joint Secretary (SITP), Ministry of
Textiles |
| |
|
Director (SITP), Ministry of
Textiles – Member Secretary |