Over 30 Gulf-based Garment Makers To Shift Bases To Hyderabad

Posted: Tuesday, Feb 17, 2004 at 0000 hrs IST
Updated: Tuesday, Feb 17, 2004 at 0000 hrs IST

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Hyderabad, Feb 16: : Over 30 garment manufacturing companies from the Gulf region, with a combined annual exports potential of over $500 million, have evinced keen interest to shift their bases to Hyderabad. The companies propose to exploit India's low manufacturing and product cost advantages keeping an eye on the $350 billion global garment market.

Following the phasing out of muti-fibre arrangement (MFA) by the end of this year coupled with the global majors' decision to outsource garments from India, about 30 Gulf-based garment manufacturers, with an annual export potential ranging from $10 million to $50 million of each, have committed to relocating their bases to Hyderabad, according to Mr S K Kanodia, Chief Investment Consultant for the Andhra Pradesh government for apparel exports. The state government has already taken the initiatives by setting up a mega Garment City on the outskirts of Hyderabad in an area of over 200 acres of land with an estimated investment of Rs 30 crore to provide the basic infrastructure facilities, Mr Kanodia told FE.

Mega Garment City

To take advantage of the good response from the Gulf companies, the state government has embarked on developing a mega Garment City at Maheswaram, near the proposed international airport, in an area of over 200 acres of land. Work has been started to provide the basic infrastructure ...

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