Odisha has taken a significant step towards strengthening its textile and apparel industry by signing 33 MoUs worth $902 million (₹7,808 crore) during the Odisha-TEX 2025 summit in Bhubaneswar. This move is part of the Odisha Apparel & Technical Textile Policy 2022, aiming to position the state as the textile hub of eastern India.
Key Highlights of the Announcement
- Massive Investment Boost: Odisha signed MoUs worth $902 million with over 160 textile companies, including Page Industries, KPR Mills, and Sportking.
- Job Creation Goals: The state aims to create over one lakh jobs by 2030 in the textile sector, enhancing employment opportunities.
- Expansion of Textile Clusters: Textile hubs will be developed in six districts to attract large-scale manufacturing units.
Policy Support and Incentives
- Apparel & Technical Textile Policy 2022: Aligned with the Industrial Policy Resolution 2022, the policy offers incentives like world-class infrastructure and employment subsidies.
- Employment Subsidy Enhancement: The state increased subsidies to ₹6,000 per month for male workers and ₹7,000 per month for female workers to boost workforce participation.
Odisha-TEX 2025 Summit
The summit provided a global platform for Odisha to showcase its investment potential, with over 650 delegates participating, including global textile brands, technology providers, and startups.
Strategic Importance
This initiative positions Odisha as the future textile hub of eastern India, focusing on policy reforms, infrastructure development, and employment generation, contributing to India’s textile and apparel export market.
Key Takeaways for Competitive Exams
- Odisha signed 33 MoUs worth $902 million to boost its textile industry.
- The state aims to create over one lakh jobs by 2030 in the textile sector.
- Policy incentives like employment subsidies aim to attract more investments in the textile sector.
- The Odisha-TEX 2025 summit highlighted the state’s investment potential in the textile industry.
