The West Bengal government has chalked out a strategy to attract investments of around Rs 37,000 crores to develop 10 textiles clusters or parks. Chief Minister Mamata Banerjee has said that these proposed projects were planned to fetch an estimated investment of more than Rs 37,000 crores, which includes setting up of textile parks, which can generate employment opportunities for six lakh people.

According to estimates, the development expenditure of these projects will be about Rs 9,159 crores and investment in more than 40 units could be Rs 26,100 crores. The state will provide land for five units — one in Bankura, two in Kolkata, one in South 24 Parganas and one in Howrah district for proposed parks. The state expects Rs 8,500 crores investments in the government-assisted Hosiery Park at Jagadishpur, Howrah for knitwear and readymade garments to be developed by West Bengal Hosiery Association at a cost of Rs 3,100 crores. Regent Garment Park for knitwear and apparel industries, proposed to be developed by a private enterprise at Barasat in North 24 Parganas, is also projected to attract Rs 8,500 crores in setting up units. Its development cost has been estimated at Rs 2,900 crores.

The state has offered land for another integrated textile park at Belur in Howrah in public-private partnership. This is estimated to cost Rs 1,050 crores for development and may attract Rs 3,000 crores worth of investments in power looms, readymade garments and textile processing units. At Ashok Nagar in North 24 Parganas, one such project will be developed at a cost of Rs 600 crores. It is estimated to have an investment potential of Rs 2,250 crores.