Hindalco Industries has been named the anchor investor as Mohan Charan Majhi, Chief Minister of Odisha, on February 14 inaugurated the construction of a ₹100 crore (approximately $11.03 million) textile park in Keonjhar, marking a significant step towards industrial diversification in the mineral-rich district.
The state government has secured Hindalco Industries as the anchor investor for the project. In a notable strategic move, Hindalco will make its foray into garment manufacturing through this initiative. Part of the Aditya Birla Group, the company’s entry into apparel production is expected to complement the group’s established footprint in the textiles value chain, led by Grasim Industries, a major player in viscose fibre and yarn.
The sanctioned ₹100 crore outlay will be utilised for comprehensive infrastructure development within the park, including land preparation, internal road networks, power connectivity, water supply systems, drainage facilities and other common infrastructure. The objective is to create an investment-ready ecosystem that can attract textile and garment manufacturing units in a phased manner.
Positioned as a diversification initiative for Keonjhar, traditionally known for its mining activity, the textile park aims to foster a non-mining industrial base and generate sustainable employment opportunities. Following the completion of core infrastructure, textile and garment manufacturers are expected to establish production units within the park.
As part of its proposed investment, Hindalco plans to set up a seven-acre garment manufacturing unit with an annual production capacity of approximately 24 lakh garments catering to both domestic and export markets. The project is anticipated to create significant employment opportunities, particularly for youth and women in the region.
State authorities indicated that several additional apparel companies are currently evaluating investment proposals for the park. While ₹100 crore has been earmarked for infrastructure development by the government, total private investment is expected to exceed the public outlay as more units commence operations.
The initiative underscores Odisha’s focus on expanding its industrial portfolio beyond mining and building a robust manufacturing ecosystem in emerging sectors such as textiles and apparel.
(Rewritten & adapted by Indian-Apparel.com News Desk)
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