Bhubaneswar: Hindalco Industries Ltd of the Aditya Birla Group will invest 200 crore to set up apparel manufacturing units in Odisha’s Keonjhar and Sambalpur districts.
Two separate MoUs were signed between Hindalco and the Odisha government on Friday in the presence of Chief Minister Mohan Charan Majhi during the first edition of Odisha TEX 2025, the biggest textile investment summit of eastern India, organised in collaboration with FICCI at the secretariat in Bhubaneswar.
The MoUs were exchanged between President Corporate Affairs, Hindalco Industries Ltd, Ardhendu Mahapatra and Principal Secretary, Department of Skill Development and Technical Education, B S Poonia.
According to the agreement, Hindalco will establish apparel manufacturing units in the two districts with each unit’s investment of 100 crore, creating potential for 2,400 direct employment opportunities.
First Odisha TEX 2025 attracts investment intents worth Rs 7,800 Crore
A total of 33 MoUs were signed with investment intents worth Rs 7,800 crore that would generate 53,300 employment opportunities in the textile & apparel sector in the state during the event
The CM also announced that the employment cost subsidies under Odisha Technical Textile & Apparel Policy 2022 will be increased from Rs 5000 to Rs 6000/month per male worker and from Rs 6000 to Rs 7000/month per female worker. “Odisha offers the most attractive incentive packages in the country under its Industrial Policy Resolution 2022 and the Odisha Apparel & Technical Textiles Policy 2022, backed by excellent infrastructure and governance,” he further stated.
Announcing a dedicated task force under the Industries Department, the Chief Minister assured investors of fast-track implementation and full government support. He emphasised Odisha’s ambitious vision to create over 1 lakh jobs in textiles and apparel by 2030, while expanding new textile clusters in Balangir, Keonjhar, Sambalpur, Jagatsinghpur, Ganjam, and Cuttack.
“Odisha TEX 2025 is not just an event; it is a declaration that the state is ready to lead eastern India’s textile revolution. With world-class infrastructure, progressive policies, and a skilled workforce, we are creating unmatched opportunities for investors and livelihoods for our people,” he said.
The CM added that the investors’ summit will be organised every year.
Minister for Industries and Skill Development Sampad Charan Swain, Minister for Handlooms and Textiles Pradeep Bal Samant, Chief Secretary Manoj Ahuja, Development Commissioner Anu Garg, and Additional Chief Secretary Hemant Sharma were also present.
