Newsline-National | February 2017
SGCCI, Guj Govt sign MoU for mega textile park
The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will sign a memorandum of understanding (MoU) with the Gujarat Government for the development of Rs 1,800 crore worth of mega textile park at Pinjrat during the Vibrant Gujarat summit.
SGCCI President BS Agarwal said that the mega textile park is the dream project and it will change the face of Surat’s textile sector. The chamber will be signing an MoU with the Gujarat Government for allotting 70 lakh sq m of land at Pinjrat near Olpad.
SGCCI office-bearers said that the presentation has been prepared by IL&FS and that it was well received by the senior government officials. The SGCCI has appointed around 15 directors to head the SPV for the mega textile park. The mega textile park project conceived by the SGCCI is worth over Rs 1,800 crore. The park will accommodate around 100 textile processing units, 40 water jet weaving units, around 225 garmenting units and other textile ancilliary units, attracting a total investment of Rs 10,000 crore.