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Wednesday, 30 June 2021 15:24

YEIDA allots 150 acre for UP’s first apparel export cluster

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Yamuna Expressway Industrial Development Authority (YEIDA) has allotted 150 acre for development of Uttar Pradesh’s first apparel export cluster in Noida. The cluster will house factories by 152 companies to be set up with an estimated investment of Rs 8,365.73 crore. It will provide employment to about five lakh people. The first phase of the project will include construction of 91 textile and garment factories that are expected to be operational by January next year.

Through this cluster, the UP government plans to develop a global garment hub which can tap into the lucrative international textile supply chain, in which Bangladesh, Vietnam and Indonesia are currently major producers. The government plans to develop more such integrated textile parks in major textile producing areas of the state, such as Meerut, Agra, Jhansi, Gorakhpur, Varanasi, Lucknow and Kanpur divisions.

Around 66 major industrialists have submitted proposals to invest Rs 8715.16 crore in the textile and garment sector in UP in the last four years. Of these, 12 textile factories have already been set up, while construction of 18 others is in progress.