South Asia's leading apparel manufacturer, MAS Holdings has commenced construction on its first venture at the MAS Apparel Park-Bhuinpur in Khurda district, Odisha. This 60-acre facility is expected to focus on value-added products for both local and international markets. It will begin production by 2026.
Malik Ahamadeen, CEO, MAS India, states, the project will help create create employment opportunities in the state, thus contributing to its broader economic growth and long-term development, he adds.
Approved by the High-Level Clearance Authority (HLCA), led by Chief Minister Mohan Charan Majhi, the integrated textile facility will be developed with an investment of Rs 1,211.87 crore (over $140 million). It will also generate 10,000 jobs within the next decade.
Noting this investment as a significant milestone for the company, Suren Fernando, Group CEO emphasizes on India's integral role in their operations and its importance to both the global supply chain and the rapidly expanding domestic retail sector.
The ground-breaking ceremony was also attended by Subhendra Kumar Nayak, Special Secretary and officials from Idco and IPICOL.
