Orissa is inviting investors for textile and apparel.
The aim is to facilitate setting up of apparel units, parks, skill development centers and more. Investors can get a capital grant of 20 per cent for projects costing up to Rs 20 crores and interest-free loans up to ten percent with a maximum limit of Rs 10 crores.
For attracting investment in the textile and apparel industry, the state has ensured ready availability of developed land with adequate infrastructure in several textile parks, skilled manpower by setting up centers of excellence along with the creation of new mega parks, lowering the cost of production and logistics and encouraging new entrants through startups. For meeting the manpower demand, the state has planned to set up various institutes to create trained and certified workers. A World Skills Center recently opened in partnership with Asian Development Bank and the Institute of Technical Education Services, Singapore, will help in creating more skilled manpower.
A Petroleum, Chemical, and Petrochemical Investment Region is aimed at attracting investment in the chemical and petrochemicals sector. An upcoming technical textile park will provide state-of-the-art facilities and best-in-class facilitation and will be close to two major ports like Paradip and Dhamra.