The company plans to pump in Rs 1,200 crore in a phased manner over the next five years. The Ahmedabad-based company is also considering tapping the capital market for raising around Rs 200 crore for the project.

Speaking to media persons, JS Negi, director and technical advisor, Pradip Overseas Ltd, said, “The proposed integrated ‘Green Field Textile Park’ is being set up as part of company's efforts to focus mainly on the US market.”

“This textile park, claimed to be country's first privately-held textile park, would have weaving, processing, spinning, stitching, packaging and dispatching facilities at one location,” the company official added.

Informing that the company plans to take the total weaving, spinning and processing capacity up to five lakh metres per day, he said that in the first phase around Rs 450 crore would be invested for installing weaving capacity of two lakh metres per day.