Jockey India (Page Industries) can now set up its manufacturing facility in Odisha!
At least that’s what the latest developments seem to indicate. The State Government is on its way to woo the company to set up its factory here.
According to the sources, the company has proposed to invest Rs. 120 crore on the unit that will generate employment to more than 4,000 people.
With the company showing keen interest to set up its factory in Odisha, the officials have offered land to the company at the Ramdaspur industrial estate near Bhubaneswar.
Page Industries has plans to double its installed capacity from the existing 260 million pieces in next 5 years. Reportedly, it is now setting up a greenfield manufacturing facility on 27 acres in Anantpur.
The company will also set up a new unit at K.R. Pet near Mysore for manufacturing and raw material warehousing.
It is imperative to note that despite being one of the best options to start a new unit, Odisha so far has only 2 big and organised units: Shahi Exports, which is India’s number one exporter, and Aditya Birla Fashion & Retail Ltd (ABFRL) – the leading domestic giant.
Odisha offers various incentives to garment factories including employment and investment-based incentives, various fiscal incentives, capital grants of 20 per cent of project cost of the park up to Rs. 20 crore, interest-free loan up to 10 per cent of project cost, etc.
However, recent increase in wages and lack of ecosystem, especially non-availability of raw materials in the state, remain major hurdles that are stopping the garment industry from flourishing in the state.