Home / Knowledge / News / Textiles / Chinese investment firm to set up textile park in Gujarat
Chinese investment firm to set up textile park in Gujarat
22
May '15
The Gujarat government has said that a Chinese investment firm has signed a deal to set up a textile park near the industrial town of Sanand, near Ahmedabad, according to media reports.

The MoU was signed between Gujarat government's industrial extension bureau (iNDEXTb) and China small and medium enterprise investment ltd (CSMEI), Arvind Agrawal, additional chief secretary, Gujarat industries and mines department said at a press conference.

Agrawal said that CSMEI is also interested in setting up an industrial park in the state.

"AS per the MoU signed between us and CSMEI, they are interested to set up a textile park near Sanand in the first phase. In the second phase, they will explore the opportunities to set up an industrial park in Gujarat. Both these parks are expected to fetch investment of Rs 10,000 crore," Agrawal said.

Various companies and entities of Gujarat and China have signed 22 MoUs worth Rs 30,000 crore during a recent visit of Gujarat chief minister Anandiben Patel to China, said Rajya Sabha MP and group president (Corporate Affairs) of Reliance Industries Parimal Nathwani.

According to Agrawal, these 22 MoUs include the one for setting up a textile park as well as industrial park worth Rs 10,000 crore and one more MoU signed with CSMEI to set up a techno-knowledge park in Gujarat with an investment of Rs 19,000 crore. (SH)

Fibre2fashion News Desk – India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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