Madhya PradeshIndustrial Development Corporation (MPIDC) has received proposals from textile and garment units of Bhilwara inRajasthan, a move seen further fueling positive sentiment in the states textile sector.
Bhilwara in Rajasthan is amongst the top 10 textile cities of India housing leading textile and garment companies. Recently, Indore and nearby areas have seen many takers of land from the textile Industry of southern states and Rajasthan amid lucrative land rates and investment promotion assistance.
Singh expected an investment of close to Rs 1,000 crore from textile units of Bhilwara from the recently received proposals. MPIDC is expecting more investment proposals to pour in from investors of Rajasthan followed by other states.
In last two years, the textile and garment industries from different parts of the country have invested Rs 15,000 crore in Madhya Pradesh, housing more than 25 mega and large-scale textile companies.
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