The Telangana is trying to woo investors to the mega textile park in Warangal, which is coming up on 2,000 acres with a potential of creating a large-scale employment. Around 1,200 acres have been earmarked in the first phase of development where at least ten industrialists from Tirupur have committed to invest there, state’s minister for industry and commerce, Mr. K T Rao said. The vision is to have a “fiber to fiber (end-to-end)” facility.
Mr. Raosaid that Telangana has been ranked top in ease of doing business. The investor can self-certify and commence the project, although for regulatory purposes, they have been urged to register online simultaneously.
Highlighting the advantages of investing in the textile park at Warangal, the minister said that Telangana produces 60 lakh bales of cotton, but the consumption by the local mills is just around 10 lakh bales. The surplus is offloaded in states such as Tamil Nadu. The mills in this region could relocate and enjoy proximity to raw material source.
Telangana government has inked an agreement with PSG and department of handlooms and textiles and Apparel Export Parks. Under the agreement, the state on its part has offered to provide funds for specific tasks assigned to PSG while PSG and department of handlooms and textiles and Apparel Export Parks will undertake to provide technical assistance in skill development and training and R&D support for technological upgradation.
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