Punjab may soon get a mega textile park. The state has a textile eco-system and leading local companies do have the potential to invest at a large level. Some Punjab-based companies already have major operations in other states and are continuously investing out of Punjab. It is very difficult to get 1,000 acres of land in established hubs like Ludhiana, and the industry might not shift or invest outside Ludhiana.
Once the park is built, it can act as a textile growth hub across the entire Northern region to drive the textile eco-system, surrounded by clusters like Ludhiana, for sustainably generating employment and exports for the future. The spinning sector might not invest as Punjab’s textile policy, compared to that of Maharashtra and Gujarat, is less favorable for the industry.
But down the line, all other segments, be they knitters, weavers or garment manufacturers, have an incentive to invest in such parks as overall they are doing well. The proposed mega textile park would throw more opportunities for the textile industry to cater to domestic markets and also the international market. Punjab is one of the leading textile states of India. <Ten such mega textile parks have been proposed across India