A textile park has been allotted to Hinganghat city in Wardha district of Maharashtra. It is being set up in region which has ample cotton, polyester and other raw materials so as to ensure a win-win situation for entrepreneurs and farmers. The park will be developed in 32 acres with an estimated investment of Rs 308 crores and an employment generation capability of around 1,200 people.

The park is being promoted by Gimatex, Bhagirath, Anoop Textiles, Elecon, Toto Toya and others who have come together to form a Special Purpose Vehicle (SPV). Three major textile groups have already been operating in Hinganghat for more than 100 years. Hence this region’s workforce has a textile skill set available for new units. The new investments in cotton downstream processing are expected to ensure that farmers in the region get the best price for their cotton produce.

The park scheme is promoted on the lines of an integrated and cluster approach. Around 20 parks have been approved under the new scheme, with around four in the state of Maharashtra. This scheme has recently been modified to ensure strict compliance to project execution and to promote new investments in textiles by first time entrepreneurs.