With companies including Reliance Industries, Arvind Mills, Vardhaman and Ahuja Textile Mills planning to set up their production units, the upcoming mega textile park in Uttar Pradesh has attracted investment proposals worth over 10,000 crore from domestic textile and garment majors.
In all, over 400 big and small textile manufacturers plan to set up their production and processing plants in the textile park located in the Lucknow-Hardoi districts.
Yogi Adityanath, Chief Minister, Uttar Pradesh, says, the textile hub is estimated to attract a total investment of over 15,000 crore. It would also create 300,000 direct and indirect employment opportunities.
Moreover, the textile park will capitaliseon the disruption in Bangladesh’s textiles sector, following a political upheaval in the country. It will aim to achieve its export target of garments worth $100 billion in the next five years.
Rakesh Saran, Minister of MSME, Khadi and Textiles, UP, says, the textile park will l not only comprise manufacturing and processing units, but also encompass an entire textiles value chain. It will help establish India as a global textile, garment and apparels major.
The facility will also provide training, marketing, designing, packaging, manpower, consultancy and export services.
Traditionally, UP boasts of major textile hubs of Varanasi, Lucknow, Bhadohi and Gorakhpur. The government aims to expand the textile sector as it is one of the largest employment generators in the state. To achieve this, the government has teamed with Raymond to provide skill training to youth in areas of garmenting and tailoring.
