Investment in textile industry will yield good results. Textile industry in the country has always been dynamic. Conducive atmosphere for this sector prevails in the State.
This was stated by OSD to CM Arun Bhatt at session on “Textile Weaving the Future” on the third day of Global Investors Summit at Indore. Bhatt said 20 major textile industries, nine weaving units and 12 spinning mills were doing cent percent exports. He informed that 47 thousand handlooms, 6,500 looms, 47 thousand 290 power looms and 14.14 lakh weavers are operating in the State. He said production was on in apparel park constructed on 133.38 acres at Indore. In textile sector, Indore has a distinct identity and infrastructure development works here being undertaken on priority. The session was informed that a readymade garment cluster with 1260 units is also successfully operating in Indore. It was informed during discussions at the session that Madhya Pradesh stands 5th in cotton production. Weaving and needling units are operating mainly in Malwa, Nimar area, Bhopal, Chhindwara and Jabalpur.
Union Joint Secretary Textiles Rakesh Agrawal said employment was being provided to 2.50 lakh people in four branches of cottage industry including handloom, handicraft, Khadi and silk. He said the Ggovernment was also undertaking special efforts for development of clay art under cottage industry. He informed handloom saris of Chanderi and Maheshwar have a unique identity in the world. Private investors should come forward for its development. Agrawal informed that the state has also earned good name in Bagh prints. In all, a turnover of Rs 300 crore has been estimated in the State. MD of Pratibha Syntex, Shreyaskar Chaudhary said his company had carved out a distinct identity in cloth market of the country after establishing a textile unit in the state. Chairman of Trident limited Rajendra Gupta informed that world’s largest trident towel unit has been started recently at Budni. He also lauded state government’s textile policy. The session was told that mainly Century, Grasim (Aditya Birla Group), Vardhman, Raymonds and Sale Group textile units are operating in the state.