Home / Knowledge / News / Textiles / Malwa to emerge as textiles hub of Southeast Asia
Malwa to emerge as textiles hub of Southeast Asia
27
Nov '12
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.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search