The Punjab government plans to set up a textile park spread over 1,000 acre in Ludhiana to boost exports. As per The Tribute, the textile park will house seven mega industrial estates to be built at the cost of Rs 4,445 crore. Approved under the PM Mitra Scheme, the ambitious industrial project will be a joint venture between the Centre and the state. It will be completed over five years by 2027-28, for which the requisite funds have been approved under the scheme.
The three textile clusters in the state: Ludhiana, Jalandhar and Amritsar, export textiles and garments worth almost Rs 12,000 crore every year. In 2019-20, the three clusters exported textile products worth Rs 11,639.63 crore to the US, UAE, UK, and Australia. Sibin C, Director & Secretary-Industries and Commerce says, Punjab has over 1,200 textile and apparel units employing 1.2 lakh people. The state is home to major textile players such as Trident, Nahar, Vardhman, Shingora, Sportking, Nivia, Savi, Avani Textiles, JCT Mills, and Indian Acrylics, he adds.
