+917718880355

news

Bangladesh proposes to set up textile park in Gujarat

YarnsandFibers News Bureau 2015-10-13 10:00:00 – Gandhinagar

Bangladesh, which is among the top garment manufacturing and exporting countries globally has to heavily bank on India, especially Gujarat, for cotton and yarn for its garment industry. The neighbouring country proposes to set up a textile park in the state of Gujarat.

Bangladesh has zeroed in on Kadi near Ahmedabad for the project which involves an initial investment of Rs 240-300 crore. To begin with, the park will have spinning units with cumulative capacity of 1 lakh spindles. Bangladesh has sought around 100 acres of land from the state government for the project.

Last month, a high level trade delegation comprising representatives of the Federation of Bangladesh Chambers of Commerce and Industry, Bangladesh Cotton Association and Bangladesh Garment Manufacturers and Exporters Association visited Gujarat. These apex trade bodies have now approached the state government with a proposal to set up a textile park. Initially, they will invest in yarn manufacturing and later on may include garment manufacturing.

Mamta Verma, industries commissioner, Gujarat government said that Bangladesh already imports yarn from Gujarat, Bangladesh imports close to 55 lakh bales (one bale weighs 170 kg) annually, of which 70% is accounted by India, while Gujarat has the largest share in cotton exported to Bangladesh. The park to be set up will provide them the cost advantage. The project is very significant from the point of view Indo-Bangladesh trade promotion.

According to Dr PR Roy, chairman, Diagonal Consulting India, Gujarat has aggressive textile policy with incentives for spinning activities. Availability of power and raw material (cotton) is attracting many companies to set up their spinning units in the state.

After China, Bangladesh is the next neighbouring to also jump on to Gujarat's textile park bandwagon.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello