The Uttar Pradesh Yamuna Expressway Industrial Development Authority (UPYEIDA) will be allotting 150 acres of land for the construction of the first Textile Park of the state in Noida.
A total of 152 companies are expected to set up their factories in the Textile Park at an estimated cost of Rs 8,365.73 crore while about five lakh people are expected to get employment after the investment.
Production in 91 textile and garment factories is expected to start in January next year. Once the factories become operational, two lakh people are sure to get employment. The Textile Park will not only enhance Noida's stature in the garment and textile sector within the country but also contribute significantly towards making UP the textile hub of North India. As of now, Uttar Pradesh happens to be the third largest textile producing state of the country and its share in national textile production is 13.24 per cent.
Besides, the state ranks fifth in the country in terms of handlooms and silk production. There are 2.58 lakh handloom and 5.5 lakh power loom weavers in the state. There are 58 spinning mills and 74 textile mills in the non-small scale industrial sector in the state.
The share of Uttar Pradesh in carpet production in the country is 90 per cent. Besides, of all the sectors, the textile and garment sector has provided employment to the highest number of people in UP.
Official sources said that 66 major industrialists of the country and abroad had submitted proposals to the state government to invest Rs 8,715.16 crore in the textile and garment sector in the last four years. They said of these 66 proposals, 12 textile factories had already been set up in the state while the construction of 18 others was in progress.
The target is to start production in the 18 textile factories this year itself. In addition, construction of 17 textile units is expected to start this year. These 17 factories will start production from next year.
The UP government intends to develop more such integrated textile parks in major textile producing areas of the state, where the manufacturing units can benefit from the entire value chain. It can also enhance employment and export prospects in the state. Countries such as Bangladesh, Vietnam and Indonesia have emerged as major textile producers in the recent years.