Pankaj Vishvkarma’s Post

In a bold move to propel Odisha's economy and unlock job opportunities, the state government has unveiled a vision to attract a staggering ₹10,000 crore investment in the textiles sector over the next five years. Bhupendra Singh Poonia, MD of IPICOL, disclosed that a game-changing 30% reimbursement facility under the revised IPR has set the stage for this transformative journey. This lucrative incentive, disbursed annually at a 6% rate to investors, promises not just financial gains but also significant employment prospects. IPICOL Odisha Read More:- https://lnkd.in/duFRmpXe #TextileMagazine #TextileIndustry #FabricDesign #FashionTextiles #TextileArt #TextileDesign #TextileTrends #TextileInspiration #SustainableTextiles #HandmadeTextiles #TextileInnovation #TextileEducation #TextileHistory #DigitalTextiles #TextileCrafts #TextileCommunity #Textiles #Fabric #TextileDesigns #TextileArt #Weaving #Embroidery #PrintedTextiles #TextileCrafts #SustainableTextiles #HandmadeTextiles #TextileArtist #TextileInspiration #TextileFashion #TextileTrends #TextileLove #TextileObsession

Uttar Pradesh: Rejuvenating the Domestic Textile Bastion The Uttar Pradesh(UP) government has announced a major investment of ₹10,000 crore to boost the state's textile industry through the PM Mitra Mega Textile Park in Malihabad, Lucknow. This investment will be used to set up new textile units and expand existing ones, fostering job creation and economic growth. As Bangladesh lurches through internal turmoil many textile brands have approached Yogi Adityanath govt expressing their desire to shift their utilities to UP. Major brands like Arvind Mills, Vardhman, Reliance Industries Ltd, and Ahuja Textile Mill have proposed to set up units at the park. The initiative aims to make Uttar Pradesh a key player in India's textile sector, potentially attracting global businesses and increasing exports. This aligns with the state's broader industrial development strategy and its push for sustainable economic development.  This investment can lead to several key outcomes: • Job Creation • Economic Growth • Skill Development • Infrastructure Development • Export Potential • Sustainability Initiatives • Biz promotion India aims to achieve $100 billion in textile exports over the next five years, focusing on expanding its share in the global textile market. This ambitious target aligns with the country's efforts to boost domestic manufacturing, generate employment, and attract foreign investment.  The Indian government is expected to implement several measures to support this growth, including Production-Linked Incentive (PLI) schemes, improving infrastructure, and promoting sustainability in the textile sector. #TextileSector  #UttarPradeshTextileHub

Revitalising India’s Textile and Apparel Industry: A Comparative look at state policies. Insightful overview of the evolving textile policies across various states! It's inspiring to see how Maharashtra, Haryana, Uttar Pradesh, and Bihar are taking significant strides to boost the industry. These initiatives are crucial for maintaining India's competitive edge in the global market. #textileindustry #investment #statepolicies #economicgrowth #haryana #uttarpradesh #Bihar #maharashtra

🌟 Weaving a New Chapter for Andhra Pradesh's Textile Sector 🌟 Imagine a state where every thread of cotton tells a story of opportunity. Andhra Pradesh, India's #6th largest cotton producer, is now spinning its strengths into an unparalleled vision with the Andhra Pradesh Textile, Apparel, and Garments Policy (4.0) 2024-29. This policy isn't just about numbers—though attracting ₹10,000 crores in investment and creating 2 lakh jobs in five years is no small feat. It's about reimagining the state's textile ecosystem, bridging gaps in value addition, and enabling the transformation from yarn to global fabric. With a focus on sustainability, local empowerment, and cutting-edge technology, this initiative sets the stage for Andhra Pradesh to become a hub for global textile innovation. Let's stitch this future together! Are you an investor, entrepreneur, or industry leader? Now is the time to be part of this exciting transformation! Reach out to explore how the new policy can unlock opportunities for your business and contribute to the growth of India’s textile future. #TextilePolicy #AndhraPradesh #InvestmentOpportunities #Sustainability #BusinessGrowth #TextileIndustry #ApparelManufacturing #MSME #JobCreation #TextileInnovation #MadeInIndia #InvestmentInTextiles #TextileHub #CircularEconomy #EconomicGrowth #GreenTextiles #IndustrialPolicy #GovernmentIncentives #TechTextiles

Bangladesh’s Textile Loss is Uttar Pradesh’s Gain! Who would have thought that political unrest in Bangladesh could lead to a massive opportunity for India's textile industry? With 700-1000 garment and textile units shutting down in Bangladesh, global brands are turning their attention towards Uttar Pradesh, and the timing couldn’t be better. U.P. is ready to capitalize with a new textile park on the Lucknow-Hardoi Road, spread over a whopping 1,162 acres, with investment proposals worth ₹10,000 crore from major players like Reliance, Arvind Mills, and Vardhman. That means 400 new units and 50,000 jobs on the horizon! So, what can we learn from this shift? - Adaptability is key: When one door closes, another opens. Companies need to be flexible and ready to pivot. - Government support matters: U.P. has laid the groundwork with infrastructure, from 24/7 power to worker hostels and zero liquid discharge plants. - Long-term vision wins: India is chasing a target of $100 billion in garment exports in the next 5 years. Investing in large-scale projects like this textile park shows a commitment to growth. As the third-largest textile producer in India, U.P. is leveraging its strengths in famous crafts like Banarasi sarees and Lucknow's Chikankari. Imagine the possibilities when traditional craftsmanship meets industrial scale production. This is a golden moment for U.P. to step into the global textile spotlight. Will they seize it? Only time will tell, but the future looks bright. #TextileIndustry #MakeInIndia #UttarPradesh #Manufacturing #GarmentExports #JobCreation #SustainableGrowth #InnovationInTextiles

Odisha government plans to set up a textile plant in Bhadrak district to provide employment opportunities to youngsters, Industries Minister Sampad Chandra Swain told the Assembly on Friday. In reply to a question raised by Congress MLA Sofia Firdous, Swain apprised the Assembly about the state government’s decision to set up a textile park in Bhadrak. READ FULL STORY : https://buff.ly/3MXRu2F ------------------------------------------------------- Giriraj Singh Piyush Goyal Ministry of Commerce and Industry, Government of India Ministry of Commerce and Textile Industry Ministry of Micro, Small and Medium Enterprises, Government of India Trade Promotion Council of India FEDERATION OF INDIAN EXPORT ORGANISATIONS The Clothing Manufacturers Association Of India (CMAI) EPCH India HEPC India WWEPC INDIA TEXPROCIL - The Cotton Textiles Export Promotion Council FICCI Indian Ministry of Finance Sudhir Sekhri Mithileshwar Thakur MyGov India Handloom Export Promotion Council #apparelexport #textilesexport #textilenews #apparelnews

Which state spins better growth by reeling the scheme benefits and attracting investments. Textile & Apparel industry is an integral part of India’s growth story. The presence of an entire manufacturing value chain from fibre to apparel and availability of raw material gives distinct advantage for both backward and forward integration. Most of the Indian states have come up with Textile & Apparel policies to give more thrust to this sector. As the Indian textile industry seems to be losing its major share on competitor countries like Bangladesh & Vietnam, these subsidies give a ray of hope to bring in more investments in the sector. We have taken four states which have exclusive Textile & apparel policies: 1)Maharashtra has come up with new policy and covers capital, power & CETP/Zld subsidies etc while Haryana offers full package of subsidies for MSME sector. 2)UP & Bihar have also covered most of the subsidies while Bihar has given more emphasis to weaving, knitting & garmenting units. 3)Haryana has covered 2 more sectors viz. textile machine manufacturing & textile recycling , which requires special thrust from govt. and investor side. It remains to be seen when other states like Gujarat, Rajasthan , Andhra Pradesh , Karnataka etc will come up with new textile policies and which state will be able to attract more investments and would suit investors requirements. #textileindustry #apparelindustry #textilepolicy #statepolicy

#Odisha is on the fast track to becoming a global destination for #textile and #apparel #manufacturing! After welcoming #EpicGroup, the state now celebrates #MASHoldings, a global leader in sustainable apparel, investing $143 million in an integrated textile facility in Khurda. This project will create 5,000 jobs and enhance Odisha’s industrial landscape. With 50+ facilities in 16 countries, MAS Holdings brings expertise and sustainability, aligning perfectly with Odisha’s growth vision. Approved by the high-level clearance authority led by CM Mohan Charan Majhi, this investment is part of Rs. 1.36 lakh crore industrial projects recently cleared. It also follows Chairman Mahesh Amalean's discussions with former CM Naveen Patnaik last year. Odisha’s focus on infrastructure, skilled labor, and investor-friendly policies is cementing its position as India’s next textile and apparel hub. Exciting times ahead for the state! 🚀 https://lnkd.in/gzZWGRFT #Odisha #TextileHub #ApparelIndustry #Sustainability #Investment #IndustrialGrowth

India aims to generate 4.5-6 crore jobs in the textile sector by 2030, expanding the market size from $165 billion to $350 billion, according to Textiles Minister Giriraj Singh. Speaking at a press conference in New Delhi, Singh highlighted a 100-day roadmap that includes attracting investments to create these jobs. He mentioned that the seven approved integrated mega textile parks will attract Rs 70,000 crore in investment and generate 21 lakh jobs once fully operational. The minister also noted the potential for silk cultivation, which currently supports around one crore people and could increase production to 50,000 tonnes in the long term. He dismissed concerns about competition from Vietnam and Bangladesh, stating that India’s textile industry faces no significant challenges from these countries. Singh emphasized the growth potential for technical textiles, setting an export target of $10 billion by 2030. He also mentioned that one crore artisans are engaged in the handloom and handicraft sectors, with various government initiatives aimed at boosting these areas. On September 20, Prime Minister Narendra Modi inaugurated a 1,000-acre integrated textile park in Amravati, Maharashtra, to make India a global hub for textile manufacturing and exports, attracting large-scale investments and promoting innovation and job creation. #news #breakingnews #textileindustry #india #indiantextileindustry #business

Madhya Pradesh stands as a pivotal hub in the #textile industry, attracting over 25,000 investments in Textile & Garment sectors.  It produces 38% of India's organic cotton, with a remarkable 60% CAGR in the last three years. The state boasts traditional textiles like Chanderi, Tussar Maheshwari, and Bagh Print, hosting 60+ large textile mills and a thriving readymade garment cluster with over 200+ operational units.  Furthermore, it is home to prominent #technological institutions such as NIFT, NID, IITDM, ensuring a skilled workforce. Additionally, the state has secured the highest PLI scheme investment for textiles at INR 3,513 crore, offering lucrative opportunities in weaving & knitting units, ginning & spinning units, and machinery manufacturing. Interest subsidies and #skill development reimbursements enhance the supportive ecosystem. #garmentindustry #madhyapradesh