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Lepakshi Knowledge Hub to set up textile park
Wednesday February 29, 2012 09:43:31 PM,
IANS
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Hyderabad: Lepakshi
Knowledge Hub (LKH) will develop a state-of-the-art textile park
in Andhra Pradesh's Anantapur district with an investment of
Rs.120 crore.
LKH has received the nod from project approval committee of the
central textiles ministry under its scheme for integrated textile
parks.
The proposed park will come up within the 10,000 acres LKH
eco-system in Anantapur, said a company statement here Wednesday.
The 130-acre textile park will have common infrastructure, design
studios, ready to use garment manufacturing units, a garment
training institute and a trade hub. It is expected that the units
coming up in the park will bring in another Rs.660 crore over a
period of 5-10 years.
When fully operational, the park will employ over 10,000 local
people, mainly women from neighboring villages.
LKH proposes to have other components such as bio-tech SEZ,
aerospace and precise engineering SEZ, free-trade warehousing zone
and an Ayush Park.
LKH last month announced a joint venture with GEM and Vittal
Innovation City to develop India's first hi-tech electronic city.
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