Expected Textile Investments In UP : Rs 8715.16 Crore; Jobs : 5.25 Lakh

Industry news

Expected Textile Investments In UP : Rs 8715.16 Crore; Jobs : 5.25 Lakh

At least six textile units are scheduled to start operations in Uttar Pradesh (UP) in the next three months, and land has been allotted to investors for setting up ten more textile units, according to UP government officials. “As many as 15 textile mills have been set up in UP in the last three years. The state government received investment proposals for Rs 8715.16 crore from 66 industrialists in the textile sector in the last four years. On completion of these 66 textile factories, around 5,25,087 people will get employment,” he said. He added that the 15 textile units, that have already come up in the state saw an investment of Rs 756.91 crore and have provided jobs to 4,800 people. The six, that are to become operational soon, will employ 1,500 people. These include Jindal Handtex Pvt. Ltd, Vivacity Homes Pvt Ltd, UV Garment Pvt Ltd, DS Exports , Rakesh International Trading Company, and Shiva Polyplast Pvt Ltd. While Jindal, UV Garment, DS Exports and Rakesh Trading have their factories in Ghaziabad, Vivacity Homes has set up its unit in Noida and Shiva Polyplast in Kanpur. “Development authorities have allotted land for a textile park in Gaudam Budh Nagar, while a big textile mill will be set up in Mathura at a cost of Rs 300 crore. The construction of the proposed textile park and textile mills is expected to start soon,” the official informed. He added Kanpur is emerging as a major textile hub. Kanpur Plastipack Ltd has invested Rs 200 crore in Kanpur Dehat, RP Poly Packs Rs 150 crore in Rania, and GLKK Industries Rs 25 crore in Ruma. Srishti Industries has set up a knitting factory in Kanpur Dehat, while Gadgets Apparel has established a garment unit and Anilikha Fabric has set up a hosiery fabric mill in Kanpur.