Raheja Builders to set up textile SEZ in AP
Textile industry in Andhra Pradesh is set to get a fillip with Raheja Builders' planning a 250-acre textile park in Hindupur in Anantapur district.
By Srividhya Ramkumar, TNN |
HYDERABAD: Textile industry in Andhra Pradesh is set to get a fillip with Raheja Builders' planning a 250-acre textile park in Hindupur in Anantapur district.
Textiles minister G Vinod said, the park would soon be granted the SEZ status and it would attract investments of Rs 500 crore. Addressing a press conference, he said, the state government was also in the process of securing patent protection under the GI Act for Gadwal, Uppada and Dharmavaram techniques of weaving.
"This will help traditional weaving communities as they will be able to market their products effectively. It will also help them improve designs," he said.
The state has already bagged some big-ticket investments in the textile sector. Coimbatore-based Southern India Mills Association (SIMA) is investing Rs 1,200 crore and Chennai-based Loyal Textiles Mills is planning to pump in Rs 100 crore in Nellore.
While Noida-based Vrindavan Ltd is setting up a project in Chittoor with an investment of Rs 500 crore, Sri-Lanka's Mas Holdings has signed an MoU with the state for a Rs 1,500-crore park in Nellore.
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Besides, Brandix Lanka is setting up a 1,000-acre garment special economic zone in Visakhapatnam at an investment of Rs 2,500 crore and Secunderabad-based DPM textiles has committed an investment of Rs 332 crore in Guntur. "Even Hyderabad is attracting many textile projects. Gokaldas Exports has set up a production facility at Nacharam near Hyderabad at an investment of Rs 25 crore. Govindaraja Textiles is also planning to invest Rs 120 crore on a textile park in Pulivendula near Hyderabad," said Mr Vinod.
Talking about the initiatives taken by the state government to encourage the textile sector, he said, it would be setting up a franchisee for the export of Pochampally materials. "Pochampally Ikat has already got GI status and now we are focusing on leveraging this strength to boost exports," he said.
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