Bhubaneswar: In order to promote the textile industry, the state government is preparing a project report for setting up a mega textile park with Central funding.
According to official sources, the Odisha Industrial Infrastructure Development Corporation (Idco), a state PSU, has engaged the Industries department as the nodal agency for the project and roped in Grant Thornton, a consultancy firm, to prepare the preliminary project report (PPR). The government has already identified around 1,000 acre at Neulopoi near Dhenkanal for a greenfield textile park.
The Centre has announced to invest around Rs 4,445 crore under the PM Mega Integrated Textile Region and Apparel (PM MITRA) scheme for setting up textile parks with world-class infrastructure across the country. The Centre has asked the states to send their proposals in this regard by March 15.
“Considering various aspects like availability of suitable land, water and power supply to the place, connectivity by road and rail, centralised location that should be far from coastal areas in view of natural disasters, particularly cyclones, we have selected a patch of land for the establishment of the textile park,” TOI quoted Industries secretary Hemant Sharma as saying.
Under the scheme, the Centre would extend capital investment of Rs 500 crore or 30% of the project cost for developing the infrastructure in the textile park.
The state government has listed the textile and apparel sector as one of the six focus sectors to draw investments for growth of the textile industry.
Meanwhile, the Indian Oil Corporation Limited (IOCL) is also going ahead with a 900-ton per day (TPD) textile industry in Bhadrak. To be set with an investment of around Rs 1,971 crore, it will be functional in 2023-24.
