Home / Knowledge / News / Textiles / Gujarat & MP compete for investment in textile sector
Gujarat & MP compete for investment in textile sector
16
Jan '13
There will be a very healthy competition for attracting investment in the textile sector between the western Indian state of Gujarat and the central state of Madhya Pradesh (MP), according to an expert.
 
“The Government of Gujarat has come out with a good policy to attract investment in the textile sector,” Mr. Ajay Sahai, Director General & CEO Federation of Indian Export Organisations (FIEO) told fibre2fashion.
 
Analyzing the Gujarat textile sector, Mr. Sahai says, “Despite availability of cotton, very few spinning mills are there in Gujarat. Secondly, the share of Gujarat in India’s garment exports is miniscule, at less than five percent of India’s total apparel exports.”
 
“It is surprising that a state like Gujarat, which has surplus power supply and availability of skilled labour, does not figure in the top two garment exporting states of India. The new textile policy will attract investment in spinning and weaving and eventually pave the way for Gujarat emerging as the front runner in garment export also,” opines Mr. Sahai.
 
“The Government of Gujarat has extended both fiscal and non-fiscal benefits through the new textile policy, and the good thing is that to match that facility the Government of Madhya Pradesh has also released a new textile policy,” says Mr. Sahai.
 
He adds, “So, there will be very healthy competition between Gujarat and MP for attracting investment in textile sector and the investors will have a very good choice whether to invest in Gujarat or MP.”
 
“Madhya Pradesh also contributes one-sixth of the cotton produced in the country and it has few polyester and man-made units. This will give rise to a very healthy competition, which is a good sign because in both the cases India will be a winner,” Mr. Sahai avers.
 
“We have a huge goal for textile industry because it is the second largest employer after agriculture. We are projecting a growth of about 15 percent in India’s textile industry over the next three years,” he concludes.
 

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search