Madhya Pradesh, one of the leading states of India, is attracting huge investments in textile industry. Indore, a major apparel manufacturing hub in the state, has ample potential to attract this investment.
This was highlighted by prominent textile and apparel players during the first day of the 76th National Textile Conference being held in Indore.
The two-day conference was chaired by MP Shankar Lalwani. The special guests at the conference included Dr. Ved Pratap Vaidik and industrialist Bharat Modi.
Ashok Juneja, National President, Textile Association (India), said that many large groups are now investing in Madhya Pradesh, which will generate huge employment. Importantly, several big companies are exploring investment opportunities in Madhya Pradesh.
Ashok Veda, Vice President, said that association is initiating efforts to attract big names in the textile industry – those who are now looking for investment opportunities in Madhya Pradesh.
It was also highlighted that earlier, only yarn was made in Madhya Pradesh, which was sent out for weaving cloth, but now weaving and processing are also being taken care of in the state.
There is a huge market for falalen (flannel fabric) in Indore, but in the absence of a processing plant, textile players have to send their goods to other states.