Orissa is offering a special incentive package for mega investments in textile and apparel including the technical textile sector. The aim is to make the state a textile hub of eastern India. Mega-investments are being sought from major textile and apparel players. With over 1.5 lakh acres of land at their disposal, multiple dedicated locations identified for setting up apparel parks, competitive land rates and ready to occupy industrial sheds, Orissa offers a compelling value proposition for units in the apparel sector.
Over and above offering fiscal and non-fiscal sops, the state provides additional support for development of the sector. The sector specific policy offers various incentives including employment and investment based incentives, various fiscal incentives, capital grants of 20 per cent of the project cost of the park, interest free loan up to ten per cent of the project cost, among others. Orissa offers an abundant and skilled workforce for the apparel sector.
Orissa has had a long history in textile and global trading. The strong driving factors for Orissa making it a manufacturing hub in the east are its strategic location in the Asean region, industrial infrastructure and proactive governance.