The east Indian state of West Bengal is likely to have its first textile park, especially for hosiery industries, by the end of 2013.
The textile park will be set up by the West Bengal Hosiery Association, in collaboration with the state government, on the lines of the existing textile park in Tamil Nadu's Tirupur.
The park to be set up in Jagdishpur near Howrah, about 20 km from Kolkata, will host about 170 small and medium hosiery manufacturing units.
It will be developed through a special purpose vehicle (SPV), West Bengal Hosiery Park Infrastructure Ltd (WBHPIL).
When operational, the textile park being built at a cost of Rs. 1 billion on 100 acres of land is likely to generate over 10,000 jobs. Nearly 40 percent of the investment has already been sanctioned by the Union Government under its Scheme of Integrated Textile Park (SITP).
West Bengal was an important hosiery producing hub until it lost out to Tirupur owing to availability of cheap labour and low manufacturing costs there.
At present, there are about 2,500 small and medium hosiery manufacturing units operational in West Bengal, with Rupa, Lux and Amul being some of the well-known brands.
Hosiery units in and around Kolkata produce around Rs. 20 billion worth of hosiery annually, which is one-fifth of about Rs. 100 billion worth of hosiery produced by manufacturers in Tirupur.
Fibre2fashion News Desk - India
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