Madhya Pradesh is attracting huge investment from Indian textile and apparel companies. In a round table conference held in Delhi, various apparel and textile firms has announced investments of more than Rs. 3,200 crore in the state.
Among them, Pratibha Syntex, a leading Indian apparel exporter, will set up a textile park for MSME units in Indore at an investment of Rs 100 crore in assistance with Apparel Export Promotion Council (APEC). Importantly, all these investments are expected to create employment of around 14,000 people.
These companies will have their plants covering major cities across the state like Bhopal, Gwalior and Indore. Now, garment units outside the industrial/textile parks will be eligible for incentives offered under the garment sector package of State Government garment policy.
For setting up of investment projects in the state, Madhya Pradesh offers immediate clearances and licenses for up to 40 services within 7 working days under the Time Bound Clearance Act.