Odisha: 33 MoUs signed for $902 million investment in textile sector

Odisha signs 33 MoUs for investments worth $902 million in textile sector

Odisha took a major step to strengthen its textile and apparel industry by signing 33 Memorandums of Understanding (MoUs) worth $902 million (₹7,808 crore). The milestone was achieved during the Odisha-Tex 2025 summit held in Bhubaneswar. The initiative is part of the Odisha Apparel and Technical Textiles Policy 2022, which aims to transform the state into the textile hub of eastern India.

Highlights of the announcement

Massive investment incentives
The state government led by Chief Minister Mohan Charan Majhi signed MoUs worth $902 million with over 160 textile companies. Key participants included Page Industries, KPR Mills, Sportking, Adarsh Knitwear, Bon & Co and B.L. International.

Employment Generation Target
Odisha has set a target of generating over one lakh jobs in the textile and apparel sector by 2030. This will significantly increase the employment rate of the state and provide opportunities for both skilled and semi-skilled workers.

Expansion of Textile Clusters
The government plans to develop textile hubs in six major districts,

Bolangir, Keonjhar, Sambalpur, Jagatsinghpur, Ganjam, Cuttack

These clusters are expected to attract large-scale textile manufacturing units, thereby strengthening the industrial base of the state.

Policy Support and Incentives
Apparel and Technical Textiles Policy 2022
In line with the Industrial Policy Resolution 2022, the Odisha Apparel and Technical Textiles Policy 2022 offers attractive incentive packages to investors. The policy emphasises on,

World-class infrastructure

Faster project approvals

Employment subsidy

Supportive governance

Increase in employment subsidy
The Chief Minister announced an increase in employment cost subsidy to encourage greater participation of the workforce,

from ₹5,000 to ₹6,000 per month for male workers

from ₹6,000 to ₹7,000 per month for female workers
This move will not only make the sector labour-friendly but also ensure greater participation of women in the textile industry.

Odisha-Tex 2025 Summit
The Odisha-Tex 2025 Summit serves as a global platform to showcase the investment potential of the state. It was attended by over 650 delegates, including global textile brands, technology providers, startups and senior government officials.

A dedicated task force has also been set up under the Department of Industries to ensure smooth implementation of the signed MoUs and to provide full government support to the investors.

Strategic Importance
With this initiative, Odisha is positioning itself as the future textile hub of eastern India. This move, focused on policy reforms, infrastructure development and employment generation, is a game-changer for the state's economy. It will also contribute to India's overall goal of strengthening the textile and apparel export market.

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