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SGCCI, Gujarat Govt to sign MoU for mega textile park

To facilitate development of Rs 1,800 crores mega textile park at Pinjrat the Southern Gujarat Chamber of Commerce and Industry (SGCCI) will sign a MoU with the Gujarat government during the course of the Vibrant Gujarat summit. Disclosing details, SGCCI president B S Agarwal said the mega textile park is a dream project and that will change the face of Surat's textile sector. The Gujarat government will allot 70 lakh sq. mt. land on Pinjrat near Olpad.

The SGCCI has appointed around 15 directors to head the SPV for the mega textile park. The project conceived by the SGCCI will accommodate around 100 textile processing units, 40 water jet weaving units, around 225 garmenting units and other textile ancilliary units, attracting a total investment of Rs 10,000 crores.

As per the proposed, the park will house giant textile processing units, each having average capacity of manufacturing over three lakh mt. of fabric per day. Around 50 per cent of the fabric manufactured in the processing units will be converted into home textiles and garments. The rest of the fabric will be sold outside the state. Presently, the textile sector contributes around 40 per cent of the synthetic cloth in the country. But its share in export is meager because the export market requires huge quantity of cloth of same quality which cannot be supplied by the processing units in Surat.

 
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