PM MITRA Park makes textile a vibrant sector Stakeholders

The Gujarat government’s industry-friendly policy, investments attracted through the platform provided by the Vibrant Gujarat Global Summit, and the upcoming PM MITRA Park in Navsari are set to boost the state’s efforts to promote the textile sector, officials and industry leaders said.

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With over 60 per cent of the country’s denim fabric coming from Gujarat, the state is aptly considered as the textile state of India, they said, adding that the support provided by the state government through its textile policy for the last more than a decade has also contributed significantly to the growth of the sector.

Experts say that Gujarat’s textile policy has led to technological upgrades, skill enhancement and the development of textile parks, making it one of the most vibrant sectors. They believe that Gujarat’s textile industry will position itself as a driving force in the state’s economic growth and contribute to India’s prominence in the global textile market.

According to the state government, the development of PM MITRA Park in Navsari in south Gujarat is poised to attract over Rs 10,000 crore in investments, generating an annual output of Rs 25,000-Rs 30,000 crore.

It is expected to elevate the contribution of Gujarat’s apparel sector from 3 per cent to 5 per cent, overall textile output from 18 per cent to 22 per cent, and sector exports from around 12 per cent to over 15 per cent, it said.

As a precursor to the Vibrant Gujarat Global Summit (VGGS) 2024, the Gujarat government has so far signed 10 MoUs with textile and apparel manufacturing companies with a combined value of Rs 2,844.93 crore.

The MoUs pertain to the manufacturing of knitted products, viscose and polyester staple yarn, polyester films, and manufacturing of composite textile unit and denim dyeing and processing unit, a government release said.