Odisha

Odisha Becomes Premier Destination For Textile Investment; 7 New Units Set To Come Up

By
OB Bureau

Bhubaneswar: In a significant milestone, seven leading apparel and garment manufacturing units received project approval letters from the Odisha government on Thursday.

Industries Minister Pratap Kesari Deb handed over the approval letters at an event in Bhubaneswar.

These industries chose Odisha over other locations to establish their units in the apparel & garment cluster in Khurda. They were attracted by Odisha’s conducive business environment, stable government, swift approvals, and seamless land allotment process. With the best incentive structure for apparel, garments, textile & technical textile units through IPR 2022, Odisha has emerged as a thriving hub for textile investment.

During the 128th SLSWCA meeting last week, these projects received approval, and today, their approval letters were formally handed over, marking a monumental achievement. The total project cost amounts to Rs. 378.98 crores, with the potential to generate employment for 18,620 individuals, signifying a significant step towards realizing the full potential of the apparel and textiles sector in Odisha.

Following the issuance of letters, Anil Peshawari, CMD of Meenu Creations LLP, representing the group of 7 industries, emphasized the cluster’s commitment to growth and development. Hemant Sharma, IAS, Principal Secretary of the Industries Department, Odisha, highlighted the strategic importance of fostering industrial growth and collaboration in his keynote speech.

A pivotal aspect of the event was the discussion on infrastructure development and expedited facilitation, emphasizing the necessity for streamlined processes and robust infrastructure to support the burgeoning industry. The highlight of the ceremony was the address by Pratap Keshari Deb, Minister of Industries, MSME, and Energy, Odisha, reaffirming the government’s dedication towards promoting industrialization and facilitating business expansion.

OB Bureau

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