Web Exclusive | February 2017
Jharkhand on look-out for textile investors
Jharkhand looking out for investors in the textile, apparel and footwear sectors as these have good growth potential. These sectors are the second largest employers in Jharkhand after agriculture. By products of textile, apparel and footwear are used for making cosmetics, biomedical products and fertilizers. These not only fetch revenue but also generate large scale employment.
Jharkhand’s tussar production increased to 3,238 metric tons in 2016-19 from 143 metric tons in 2007-08. The tassar culture employs 1.80 lakh farmers and 30,000 weavers in the state. The state is planning to construct a textile park. It is also interested in starting a footwear design development institute.
Orient Craft opened in 1972 with merely four people and an investment of Rs 15,000. Now, over 32,000 people are working under the company. The company will invest Rs 3,000 crore and open six skill development centers. Orient Craft will train rural youths and give them employment.