Business

DIPP nod for four leather projects worth ₹107 cr in TN

Written by PaperDabba

Four projects with a total outlay of ₹107.33 crore in Tamil Nadu have been approved under the Indian Footwear Leather and Accessories Development Programme to facilitate upgradation of infrastructure in the sector.

“Major boost to leather industry in Tamil Nadu under the IFLADP. Four projects with total outlay of ₹107.33 crore now approved by the DIPP to facilitate upgradation of infrastructure, job creation and environmental sustainability,” Commerce and Industry Minister Suresh Prabhu said in a tweet.

While the Department of Industrial Policy and Promotion (DIPP) has approved ₹28.15 crore for Perundurai Leather Industries Eco Security at Erode, ₹33.68 crore was allocated for upgradation of SIDCO Phase-1 Common Effluent Treatment Plant (CETP) at Ranipet.

It has also approved ₹11.01 crore for upgradation of Talco, Tiruchi CETP. A sum of ₹34.49 was given for upgradation of Pallavaram CETP at Nagalkeni Chrompet, Tamil Nadu.

The Department has also given in-principle approval to a mega leather cluster at Bantala, West Bengal.

“The proposal envisages investment of about ₹400-500 crore and expected to employment generation of around 7,000,” the DIPP said in a tweet.

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