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Orissa invites textile investments

Orissa is emerging as one of the top destinations for apparel manufacturing in India. The state has identified apparel among the identified focus sectors as part of its vision for industrial development. With multiple dedicated locations identified for setting up apparel parks, competitive land rates and ready to occupy industrial sheds, Orissa, offers a compelling value proposition for units in the apparel sector. Besides offering fiscal and non-fiscal sops, the state provides additional support for development of the sector. The sector specific policy offers various incentives including employment and investment based incentives, various fiscal incentives, capital grants of 20 per cent of the project cost of the park, interest free loan up to ten per cent of the project cost, among others. Orissa offers an abundant and skilled workforce for the apparel sector.

Aditya Birla Fashion and Retail, and the export oriented firm Shahi Exports have set up units. Next Jockey may set up a garment making unit. The company proposed to invest Rs 120 crores on the unit that will generate employment for around 5,000 people. Jockey, listed as Page Industries, will be offered land at an industrial estate after its proposal is evaluated.

 
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