infrastructure assistance to 2015 White Gold Integrated Spintex Park


Managing Director, M/s.White Gold Integrated Spintex Park Pvt Ltd has informed that they proposed to set up an Integrated Textile Park at Ibrahimpatnam, Ranga Reddy District under the Scheme for Integrated Textile Park, Ministry of Textiles, Government of India, with a total outlay of Rs.582 Crores which include an investment of Rs.108 Crores for the development of Park and Rs.474 Crores for the Textile units within the Park. The proposal is likely to create direct and indirect employment up to 5000 persons and requested the Government to provide the following benefits as per Scheme for Integrated Textile Park (SITP) of Government of India and Textile and Apparel Promotion Policy, 2005-2010, extended up to 2015.
(a) 100% stamp duty paid on purchase of land.

(b) Road connectivity for Integrated Textile Parks (ITPs) with nearest National/State
Highway from Industrial Infrastructure Development Fund/NMIZ funds.

(c) Setting up of 132 KV electrical sub-station at the door step of park to ensure continuous power supply to all units to be set up in the park. Uninterrupted power supply for unit throughout the year.

(d) 50% reimbursement of cost of providing the water supply to the industry from Krishna Water pipe line on continuous basis.

The issue was placed in the State Investment Promotion Board meeting held on 31.12.2011 and extended the Infrastructure assistance up to Rs.1.00 Crore as per the Industrial Investment Promotion Policy (IIPP) 2010-15 in the reference 3rd read above.

The request of M/s. White Gold Integrated Spintex Park Pvt Ltd., Ibrahimpatnam, Ranga Reddy District to extend the infrastructure assistance to the Park, as per Textile and Apparel Promotion Policy, 2005-2010, extended up to 2010-15 was placed in the State Investment Promotion Committee (SIPC) & Empowered Committee Meeting held on
16.06.2012 and the Committee advised the Industries Department to circulate the file to Finance Department for further examination and placing the same before the State Investment Promotion Board (SIPB). Accordingly, the matter was referred to the Finance Department.

The State Investment Promotion Board (SIPB) in its meeting held on 27.06.2012 discussed in detail and decided as follows:

“The Board decided to extend the infrastructure assistance to the Park as per
Textile and Apparel Promotion Policy, 2005-10, extended up to 2010-15”.

Government after careful examination of the proposal and keeping in view the decision of the State Investment Promotion Board (SIPB) dt.27.06.2012 hereby extend the following infrastructure assistance to the Park, as per Textile and Apparel Promotion Policy, 2005-2010, extended up to 2010-15 to M/s. White Gold Integrated Spintex Park Pvt Ltd., Ibrahimpatnam, Ranga Reddy District, subject to submission of a copy of MOU as and when entered with GOI as referred in the Lr.No.19/2/2011-SITP dt.28.10.2011 to Government.

(a) 50% reimbursement of cost of providing the water supply from the Krishna Water pipe line on continuous basis i.e., 0.47 Crores.

(b) 132 KV Electrical sub-station costing of Rs.6.00 Crores.

(c) Road connectivity for Integrated Textile Park (ITP) from National/State Highway costing of Rs.2.00 Crores.

(d) Reimbursement of 100% stamp duty paid on purchase of land.

6. The Director of Handlooms & Textiles and Apparel Export Parks, Andhra Pradesh, Hyderabad shall take necessary action accordingly in consultation with the Commissioner of Industries, A.P., Hyderabad and A.P. Industrial infrastructure Corporation Ltd (APIIC), Hyderabad and intimate the status of the progress of work done by the unit from time to time to Government.

7. This order issues with the concurrence of Finance Department vide their
U.O.No.26374/363/Exp.I&C/12 dt.09.10.2012.
1.G.O.Ms.No.300, Ind. & Com. (Tex) Dept, dt.08.11.2005.
2.G.O.Ms.No.61, Ind. & Com. (Tex) Dept, dt.29.06.2010.
3.G.O.Ms.No.28, Ind. & Com. (Tex) Dept, dt.12-01-2012.
4.From the Managing Director, M/s. White Gold Integrated Spintex Park Pvt Ltd at
Ibrahimpatnam, Ranga Reddy District Letter No.Nil, dated.09.06.2011 and dt.27.02.2012.
5.The State Investment Promotion Committee Meeting held on 16.06.2012.
6.Single File No.15/1/2011/0760 dt.21.06.2012 from the Commissioner of
Industries, A.P., Hyd.
7.Minutes of State Investment Promotion Board (SIPB) meeting held on 27.06.2012

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