A one-stop silk park has been proposed for Jharkhand. The park will come up at a cost of Rs
140 million with the Union and the state governments sharing the cost in 80:20 ratio. The central government’s part of the funds would come from its assistance scheme meant for states to develop export infrastructure and allied activities (modified ASIDE).
The silk park would be built on five acres of land on the outskirts of the city. This would be the first such park to be set up in the state’s capital Ranchi. Jharkhand Silk, Textile and Handloom Development Corporation, commonly called Jharcraft will serve as the nodal agency for developing the Ranchi Silk Park.
Jharkhand is the largest producer of tussar silk in India, contributing about 65 percent to the country’s overall produce. The planned park would cover the entire silk value chain at one place and would consist of a cocoon bank drying, processing, reeling and spinning units, yarn dyeing and bleaching facilities as well as fabric weaving units. A part of the fabric produced would cater to the apparel unit, located inside the park, to create ready-to-wear garments. In addition, the textile park would also have packaging and storing units, a common R&D facility, an administrative block, and facilities for testing, design and training.