The TSIIC is expecting investments to the tune of Rs 1,075 crore in the first phase of sale. The park is expected to be inaugurated in April or May. We request that approximately Rs 300 crore of this amount be released at the earliest to kick start major external infrastructure works urgently needed at the park," said the minister.Noting that there are 35,588 power looms in Telangana, the minister said 25,495 of them are in the Sircilla district alone. "We have placed high emphasis on the sector to create jobs for our local population and to contribute to the country's GDP and exports," he added. “KMTP is being developed at a total estimated project cost of Rs 1,552 crore of which the core infrastructure works would cost approximately Rs 1,094 crore. "At present, there is no such Institute in the state to offer a course in diploma in handloom Technology and the students are finding it very difficult and are going to neighboring states such as Andhra Pradesh, Orissa, Tamil Nadu, and Karnataka to acquire admissions in IIHT. Rama Rao’s letter stated that the KMTP would take off in 2021-22 and was being developed at an estimated cost of Rs 1,552 crore. "Under the proposed scheme, we understand that a total of Rs 500 crore capital support is available for a Mega Textile Park. Further, Warangal has been implementing three Government of India’s programmes HRIDAY, AMRUT and Smart City. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time. All the comments will be moderated by the newindianexpress.com editorial. The Industries Minister said 25,495 power looms out of 35,588 in the State, which were geo-tagged, were located at Sircilla. Under the Mega Textile Park scheme, Rs 500 crore capital support is available from the Central government. Fourteen companies have so far come forward to set up units with a total investment of over Rs 3,000 crore in the proposed Kakatiya Mega Textile Park in … "KMTP is being developed at a total estimated project cost of Rs 1,552 crore of which the core infrastructure works would cost approximately Rs 1,094 crore. The Telangana State Industrial Infrastructure Corporation (TSIIC) has initiated online commercial allotment of plots at the Kakatiya Mega Textile Park in Warangal. HYDERABAD: IT and Industries Minister KT Rama Rao sought funds from Union Minister Smriti Irani for the development of handloom and textile industry in the State, on Thursday.In a letter written to her, Rama Rao requested Irani to allocate funds in the 2021-22 Union Budget for the development of Kakatiya Mega Textile Park (KMTP), for the sanction of a Mega Powerloom Cluster at Sircilla and to sanction certain proposals for the development of handlooms and textiles in the State. But we need to be judicious while moderating your comments. As there is no diploma course in handloom technology, youths from the State are going to neighbouring states like AP, Odisha, Tamil Nadu and Karnataka to get admissions in the IIHTs there, Rama Rao wrote. "KMTP is being developed at a total estimated project cost of … Minister requests immediate release of Rs 300 crore for Kakatiya Mega Textile Park, Published: 25th December 2020 10:36 AM  |   Under the Mega Textile Park scheme, Rs 500 crore capital support is available from the Centre. He said that Kakatiya Mega Textile Park (KMTP) at Warangal would take off in 2021-22. Last Updated: 25th December 2020 10:36 AM   |  A+A A-. 09 Oct 2017 2:26 AM South Korean’s global textile manufacturer, Youngone Corporation was expected to invest Rs 1,000 cr in setting up a manufacturing unit. Updated: Dec 25, 2020 10:48 IST. Rama Rao’s letter stated that the State government was very keen to set up a Powerloom Development Corporation to look after various marketing strategies under the powerloom sector. 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