UP government to launch private textile parks to counter Chinese imports
- In Reports
- 12:59 PM, Nov 14, 2024
- Myind Staff
The Uttar Pradesh government plans to establish around ten private textile parks in the state to reduce reliance on raw material imports from China and boost the local textile industry. These parks will be set up under the UP Textile and Garmenting Policy 2022. The parks will be located in districts such as Gorakhpur, Mau, Bhadohi, Aligarh, Baghpat and Shamli.
With a Rs 726 crore investment, the first private textile park would be established in the Shamli district. By the end of 2025, the 27-acre Shamli project—Lonex Textile Park—will be operating. It will create around five thousand direct and indirect jobs. 17 production units, including ones for weaving, dying, printing, and clothing, will be included. The domestic textile and apparel market, which was estimated to be worth $165 billion in 2022, is predicted to reach $350 billion by 2030, and the country's textile sector is predicted to expand at a compound annual growth rate (CAGR) of 8.9 per cent from 2023 to 2032.
In light of this, the Yogi Adityanath administration is promoting the state as a possible South Asian centre for textile and apparel production. Historically, Uttar Pradesh has been home to important textile centres, including Varanasi, Lucknow, Bhadohi, Gorakhpur, and Kanpur. Alok Kumar, principal secretary of the UP Handloom and Textile Association, claims that the planned commercial textile parks will increase domestic output while lowering dependency on raw materials from China and other nations.
The textile parks aim to take advantage of the disruption in Bangladesh’s textile industry, which has faced political unrest and led to the closure of nearly 1,000 small and medium-sized textile units. With India aiming for $100 billion in garment exports over the next five years, the state is working to strengthen its textile value chain. At the same time, a 1,162-acre mega textile park encompassing the districts of Hardoi and Lucknow is being established under the central government's PM Mega Integrated Textiles and Apparel (PM Mitra) plan. The project will create 300,000 direct and indirect jobs with an estimated Rs 10,000 crore in investment.
The textile parks will take advantage of the disruption in Bangladesh's textile industry, which has been affected by political unrest, causing nearly 1,000 small and medium-sized textile units to shut down. With India aiming for $100 billion in garment exports over the next five years, the state is working to strengthen its textile supply chain.
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