The corridor is being developed as a backbone for industrial growth, with nearly Rs 47,000 crore (US $4.96 billion) in proposed investments and 987 project proposals across sectors such as textiles, apparel, logistics, food processing, electronics, and engineering.
Manufacturing News
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The companies include Jain Cord Industries Pvt Ltd, Vibrant Polymers LLP, Vansh Technofab Pvt Ltd, and Sanathan Polycot Pvt Ltd, marking the shift from land allotment to execution at the integrated textile hub.
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Manufacturing
Surat’s Textile Engine Drives Gujarat Growth Ahead of Vibrant Gujarat Regional Conference
The city manufactures nearly 60 million metres of fabric daily and operates more than 600 processing houses alongside a large network of power looms.
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TEEM was announced in the latest Union Budget by Finance Minister Nirmala Sitharaman as part of an integrated programme aimed at driving growth in the textile industry.
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Despite consistent growth in cotton cultivation across several districts, a significant portion of raw cotton has traditionally been sent outside Odisha due to the lack of downstream processing infrastructure.
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The company posted a net loss of Rs. 192.54 crore (US $20.79 million) in the January–March quarter, compared with a loss of Rs. 74.47 crore (US $8.04 million) in the corresponding period a year earlier.
