Interviews
Malwa to emerge as textiles hub of Southeast Asia
27 Nov '12
1 min read
Reviewing the development of the Rs. 14.85 billion textile unit being set up on an area of 350 acres in Muktsar in Punjab, Industry and Commerce Minister Anil Joshi said Malwa region of the state is set to emerge as the new textile hub in Southeast Asia.
The Minister said the state’s new textile policy provides for establishment of a textile park incorporating composite textile processing units from cotton to garments with a stipulated minimum capital investment of Rs. 2.5 billion. Amritsar, Mansa, Ferozepur, Bathinda, Muktsar, Faridkot, Sangrur, Taran Taran, and Barnala are among the districts covered under the policy, he said.
All global denim producers would start procuring fabric from the textile unit being set up in Malwa as soon as it goes operational, he said, and added that the textile park is expected to generate around 100,000 jobs upon completion.
The new policy would also allow nearby Industrial Training Institutes to start skill development courses.
The Minister added that the textile units would be permitted to set up their individual power plants for personal consumption.
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