Budget wishlist: TS seeks funds for textile, handloom development
By PTI| Posted by Mansoor | Published: 24th December 2020 6:07 pm IST
Hyderabad: The Telangana government on Thursday sought allocation of funds in the 2021-22 Union budget for development of the Kakatiya Mega Textile Park (KMTP) and sanction of Mega Powerloom Cluster at Sircilla, besides other proposals.
In a letter to Union Minister for Textiles Smriti Irani, Minister K T Rama Rao said the KMTP was being developed at a total estimated project cost of Rs 1,552 croreof which the core infrastructure works would cost approximately Rs 1,094 crore.
“Under the proposed scheme, we understand that a total of Rs 500 crore capital support is available for a Mega Textile Park. We request that approximately Rs 300 Cr of this amount be released at the earliest to kick start major external infrastructure works urgently needed at the park,” he said.