2 weeks ago
Rs 1,200 crore textile investment to deepen Gujarat-MP industrial ties
A company that makes jeans and other clothes wants to build new factories in a state in India called Madhya Pradesh.
The company is based in Ahmedabad, a city in the neighboring state of Gujarat.
The leader of Madhya Pradesh, Chief Minister Mohan Yadav, met with the company's leaders in Ahmedabad to discuss the plan.
The company wants to invest about 1,200 crore rupees, which is a very large amount of money.
The new factories will be built at three places: near the city of Dewas, at the PM MITRA Park in Dhar, and in Indore.
The PM MITRA Park is a special government park for textile and clothing factories.
The company hopes to start producing clothes there by next year.
The factories could create jobs for about 5,000 people who work in the clothing business.
The state government will also earn money from taxes when the factories operate.
The leaders say the investment will bring jobs for young people and make the state stronger.
A private Ahmedabad-based textile firm has proposed an investment of around Rs 1,200 crore in Madhya Pradesh's PM MITRA Park.
CM Mohan Yadav announced the proposal after meeting the company's vice-chairman in Ahmedabad.
Industrial units are planned at Barlai near Dewas, the PM MITRA Park in Dhar, and Betma in Indore.
Production at the PM MITRA Park is targeted to begin by next year, creating jobs for about 5,000 people in the garment sector.
The firm has been allotted 105 acres at the PM MITRA Park; talks also covered incentives, water reuse, and communication networks for Simhastha-2028.
- Who
- Madhya Pradesh Chief Minister Mohan Yadav and a private textile firm headquartered in Ahmedabad.
- What
- A proposed investment of around Rs 1,200 crore to set up industrial units, including a textile and apparel unit, at the PM MITRA Park and other locations in Madhya Pradesh.
- Where
- Madhya Pradesh, with units at Barlai near Dewas, the PM MITRA Park in Dhar, and Betma in Indore; discussions took place in Ahmedabad, Gujarat.
- When
- Announced on Wednesday; production at the PM MITRA Park is targeted to begin by next year.
- Why
- To create employment opportunities (including about 5,000 jobs in the garment sector), strengthen Gujarat-Madhya Pradesh economic ties, and generate industrial tax revenue for the state.
Key facts
- Proposed investment
- Around Rs 1,200 crore
- Locations
- Barlai near Dewas, PM MITRA Park (Dhar), Betma (Indore)
- Land allotted
- 105 acres at PM MITRA Park
- Jobs expected
- About 5,000 in the garment sector
- Production target
- Next year
- Company headquarters
- Ahmedabad
- Company sector
- Denim, garments, fabrics and the textile value chain
- Meeting location
- Ahmedabad, with the company's vice-chairman
Quotes
Mohan Yadav, Chief Minister of Gujarat
State chief minister negotiating industrial investment
“By further strengthening relations with Gujarat, a unit of the company is also being established in Madhya Pradesh. In accordance with Prime Minister Narendra Modi’s vision, production at the PM MITRA Park is targeted to begin by next year. This will create new employment opportunities for the youth of the state.”
thehansindia.com
Sources
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