1. TEA members keen on setting up garment units in Odisha

TEA members keen on setting up garment units in Odisha

The Odisha government's new textile/apparel policy may see the light of day with some member companies of India’s largest knitwear/readymade garments cluster — Tirupur Exporters’ Association — evincing interest.

By: | Chennai | Published: May 23, 2017 5:59 AM
A delegation of TEA member companies had visited Odisha on the latter’s invitation to assess the investment opportunities to set up garment manufacturing units. (Representational Image)

The Odisha government’s new textile/apparel policy may see the light of day with some member companies of India’s largest knitwear/readymade garments cluster — Tirupur Exporters’ Association — evincing interest. The member companies assured the Odisha government to train locals to equip them with requisite working skills.

A delegation of TEA member companies had visited Odisha on the latter’s invitation to assess the investment opportunities to set up garment manufacturing units.

The senior officials of these member companies also assured Odisha government about setting up a new textile park near Bhubaneshwar, TEA sources told FE here.

The Odisha textile/apparel policy offers incentives of 60% subsidy on building and common facilities, 25% subsidy for new machinery, Rs 1 crore interest-free working capital loan, minimum wage of Rs 220 for eight hours and the state government would even reimburse Rs 1,500 for new factories, giving employment for new labourers.

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