According to Chief Minister Shivraj Singh Chouhan’s statement to Business Standard, the Madhya Pradesh government is offering tailored incentives for the textile and apparel industry, which is focused on creating jobs. At the next Global Investors Summit, which will be held in Indore, the state will highlight the industry.
Madhya Pradesh provides rebates on discounted tariffs, assistance with infrastructure development, and interest rates of 5 to 7% on loans for machinery.
Government statistics show that the state produces 43% of the organic cotton produced in India and 24% of the organic cotton produced worldwide. Over the last three years, the state’s production of organic cotton has grown at a compound annual growth rate of 60%. More than 60 sizable textile mills, 4,000 looms, and 2.5 million spindles are located throughout the state. More than 1,200 units with clothing design studios are located in Indore.
Pratibha Syntex’s managing director, Shreyaskar Chaudhary, stated that the company’s new facility in Ujjain, which is entirely based on green technology, employs 4,000 people, of whom 80% are women. According to Chaudhary, “the policies are supportive, the infrastructure support is unmatched, and competent labour is available.”
Only tribal craftspeople are employed by Chhindwara-based Aid and Survival of Handicrafts Artists (ASHA). The organization’s founders, Aarti and Rohit Rusia, argued that the government ought to employ artisans’ skills in addition to training them.
They claim that 30 members of their team received training in the handicrafts area but are still looking for employment. Geographical Indication (GI) certification has been given to the state’s famous Chanderi cotton and Bagh Print.
Some of the largest businesses with units in states include the Trident Group, Raymond, Aditya Birla, BestCorp, Gokaldas Exports, Pratibha Syntex, Indorama, and Vardhman Group.
Building Madhya Pradesh’s worldwide competitiveness in textile and apparel will be the topic of a session at the next investors summit where business executives, industry experts, and government representatives will discuss and look into additional potential.
