The is readying a proposal for the establishment of a textile park inOdishawith the Centre having approved seven PM Mega Integrated Textile Region and Apparel (PM MITRA) parks for the development of the textile sector in the country.
The Centre has planned to invest around Rs 4,445 crore by 2027-28 to develop these parks with world-class Infrastructure, including plug-and-play facility for investors in the sector. The Centre has asked the state governments to send their proposals for the establishment of textile parks under PM MITRA by March 15.
The state-owned Odisha Industrial Infrastructure Development Corporation (Idco) has roped in consultancy firm,Grant Thornton, to prepare the preliminary project report (PPR) seeking setting up of the park. It has engaged the industries department as the nodal agency for the purpose.
The state government has identified around 1,000 acres at Neulopoi near Dhenkanal for a greenfield textile park under the PM MITRA Scheme.
The state government source said it is ready to hand over the 1,000 acres of land at a nominal rate to the special purpose vehicle (SPV), to be formed for the development of the textile park.
Under the PM-MITRA, the Centre assures capital support of Rs 500 crore or 30% of the project cost (whichever is highest) for developing common infrastructure in the proposed textile park.
Considering Odishas huge potential for Growth of the textile Industry, the state government has listed the textile and apparel sector as one of the six focus sectors to draw investments.
Odisha also has skilled manpower in the textile and apparel sectors. The state produces several varieties of saris while some of them are popular globally. It has also proposed to set up Cotton processing, spinning and weaving, textile and garment Plants to draw Investment in the sector.