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Govt mulls incentives for big ticket investments in textiles

Post News Network
Updated: October 26th, 2021, 10:37 IST
in Metro
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Govt mulls incentives for big ticket investments in textiles

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Bhubaneswar: The state government is in discussions over a special incentive package for mega investments in the textiles and apparel sector, said Industries Minister Dibya Shankar Mishra Monday.

Addressing a national-level seminar on ‘Making Odisha the Textiles Hub of the East’ organised at Lok Seva Bhawan Monday, Mishra said, “Our government has prioritised this sector and is seeking mega investments from major textiles and apparel players. The government is in discussions over a special incentive package for mega investments in the textiles and apparel including technical textiles sector.”

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Stressing the industry readiness of Odisha, he said, “We have more than 1.5 lakh acres of land, ready to be used by the industries coming to Odisha. Not only in recent times, but Odisha also has a long history in textile and global trading.”

He appealed to the industry leaders across India to come to Odisha and assured them of all kinds of support from the government.

Ministry of Textiles Secretary Upendra Prasad Singh elaborated the new schemes of the Centre and pointed out the areas where India based industries can focus on.

Industries secretary Hemant Sharma highlighted the recent growth of the state primarily driven by the push towards industrial growth. He has also elaborated the strong driving factors of Odisha making it the manufacturing hub of the East such as the strategic location of Odisha in the ASEAN region, the industrial infrastructure, highly skilled manpower and especially the proactive governance.

Leading national and global players like Shahi Exports, Aditya Birla Fashion, Page Industries and Wild Lotus participated in the seminar.

PNN

Tags: BhubaneswarIndustries Minister Dibya Shankar MishraLok Seva BhawanTextiles and apparel sector
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