Chinese investment firm to set up textile park in Gujarat

22 May '15

2 min read

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

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