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Tirupur exporters eye expansion in Odisha
A delegation from the knitwear hub of Tirupur has visited Odisha to assess investment opportunities in setting up garment manufacturing units in the State. The delegation also held discussion with the Odisha Government officials on the possibility of making investments in a new textile park near Bhubaneswar.
A Maha(rashtra) Dream!
Fourteen textile parks, big-ticket projects of some textile majors, liberal norms for backward regions and ‘Farm-to-Fashion’ initiative have all the ingredients to turn Maharashtra’s textile dream into reality. An ITJ Exclusive throws some light.
J’khand-Orient Craft sign MoU for textile parks
The Jharkhand Government has signed an MoU with Orient Craft for construction of two textile parks at a cost of Rs 1,500 crore on a 140-acre land. The MoU was signed during the launch of a roadshow named ‘Momentum Jharkhand’ in Mumbai to promote Jharkhand’s global investors summit scheduled for February.
India’s position in global textile industry
The top 10 markets in the world for textile and apparel constitute for 48 per cent of India’s total textile and apparel exports. The current global apparel market is worth $1.7 trillion and it constitutes around 2 per cent of the world’s GDP. The European Union, USA and China are the world’s largest apparel markets with a combined share of approximately 54 per cent.
Gangwar inaugurates garment unit at PHWP
The Palladam Hi-tech Weaving Park (PHWP), Palladam was the first park to be developed under the Scheme for Integrated Textile Parks (SITP) of Ministry of Textiles by availing 40 per cent grant from Central Government and 9 per cent grant from the State Government.
Focus on technical textiles, garments; boost to handlooms
The new government under the able leadership of Prime Minister Narendra Modi has stressed a revolutionary economic vision based on increasing production, export and generating employment, giving particular attention to productive employment opportunity for the youth, inclusive and participative growth, skill, scale and speed, ´Make in India´ brand, zero defect - zero effect, Adarsh Gram, to name a few.
Karnataka invests Rs 13 bn
During the current financial year, the Karnataka government—through the Department of Handloom and Textiles—has invested Rs 13 billion under various schemes. The money has been spent for establishing textile parks,
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