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Uttarakhand Earmarks Land For Textile Park

Uttarakhand government has earmarked over 103 acres for the establishment of the long promised textile park at the State Infrastructure and Industrial Development Corporation of Uttarakhand Ltd (SIDCUL), Sitarganj. The park is to be completed in the current year, NK Koranga, DGM, SIDCUL said. “We have started inviting applications from industrialists for the textile parks […]

Uttarakhand Earmarks Land For Textile Park
Quick Industry Summary
AI
OpportunityNew textile park offers investment, production, and sourcing opportunities with government support.

Uttarakhand Textile Park: New Hub for Production, Investment

  • WHAT: Uttarakhand has allocated over 103 acres for a new textile park at SIDCUL Sitarganj, targeting current year completion.
  • WHO: Garment manufacturers, fabric mills, and investors are most affected by new production capacity and investment incentives.
  • IMPACT: This park could diversify sourcing options, potentially impacting regional production costs and supply chain dynamics.
  • CONTEXT: This initiative aligns with India's broader push for domestic manufacturing and integrated textile park development.
  • ACTION: Professionals should evaluate investment potential, explore new sourcing avenues, and monitor park development closely.
Affects:ManufacturersExportersSpinners & Yarn ProducersWeavers & Fabric MillsGarment ManufacturersSourcing ManagersInvestorsRaw Material SuppliersDyers & Processors
Textile ParkUttarakhandSIDCULInvestmentManufacturingSourcing
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Uttarakhand government has earmarked over 103 acres for the establishment of the long promised textile park at the State Infrastructure and Industrial Development Corporation of Uttarakhand Ltd (SIDCUL), Sitarganj. The park is to be completed in the current year, NK Koranga, DGM, SIDCUL said.

“We have started inviting applications from industrialists for the textile parks at Pantnagar, Sitarganj, Jaspur and Rudrapur towns. The park is to be established in joint venture with the centre holding 40 per cent share and the industrialists and the state government having the remaining 60 per cent,” Gaurav Chatwal, regional manager, SIDCUL said.

Chatwal said over seven textile manufacturers from across the country had applied to establish their units at SIDCUL, Sitargaj. Some companies have even identified land to establish their units.

If the park is setup according to plans, it will create over 3,000 jobs, SIDCUL sources said.