Home / Knowledge / News / Textiles / Chinese company to invest in Uttarakhand textile park
Chinese company to invest in Uttarakhand textile park
04
Aug '16
A Chinese company has shown interest and is considering investing Rs 600 crore in the textile park at Sitarganj in Udham Singh Nagar district of Uttarakhand.
 
The Chinese company will invest in 35 acres in the 135 acre Sitarganj textile park, which has advantages like surplus ground table water and proximity of the region to Nepal and China, according to a Times of India report.
 
Udham Singh Nagar's border with Uttar Pradesh and good transportation facility to other parts of India are other advantages in investing in Sitarganj textile park.
 
If the Chinese company goes ahead with its investment proposal, it will be the first company from China to invest under 100 per cent foreign direct investment (FDI) norms.
 
For entrepreneurs setting up their industries, the Uttarakhand government offers benefits like rebate in electricity bill, exemption from electricity tax, and 50 per cent rebate in land tax for setting up textile industry. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Urmil Arya

Sushila International, a well established textile organisation established ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search