The investor-friendly policies of the Yogi Adityanath government are attracting a large number of industrialists from diverse sectors to invest in the state and textile sector is no exception.
According to the Textile department, big players in the Indian textile industry have invested Rs 8,715.16 crore in the last four years to set up 66 factories in the state. Of these textile factories, 12 have already been set up while construction of 18 others is underway and it will provide employment to 5,25,087 people. As many as 18 factories are expected to start production this year itself. Besides, the construction of 17 more textile factories is also expected to begin this year. These factories will start production next year.
The officials further pointed out that a total sum of Rs 645 crore was spent for setting up the 12 textile factories that have become operational. As many as 2,870 people have also got employment in the 12 units. “UP was synonymous with fear, perennial insecurity and risks for these industrialists four years ago. They were afraid of investing due to rampant crime and red tape. However, things changed rapidly after Yogi Adityanath took over as the CM in 2017. He succeeded in changing this common perception about UP through his massive crackdown against organised crime. In the changed environment, investors in India and abroad consider UP as one of the safest places for investment and are investing as never before in different sectors including in textile, infrastructure, food processing, electronic manufacturing, real estate, and power and manufacturing sectors. The textile sector has emerged as the most preferred sector for investors,” the officials said.
Meanwhile, with the setting up of these factories, Kanpur is emerging fast as a major textile hub. Kanpur Plastipack Limited has invested Rs 200 crore in Kanpur (Rural) while RP Poly Packs has invested Rs 150 crore in Rania for the production of polybags. GLKK Industries has invested Rs 25 crore in Ruma Kanpur for fabric production while Srishti Industries has set up a knitting factory in Kanpur (Rural). Furthermore, Gadgets Apparel and Anilikha Fabric have established garment and hosiery cloth factories respectively in Kanpur.
Similarly, Rajlakshmi Cotton Mills has set up a garment factory in Noida at the cost of Rs 50 crore apart from one in Kanpur while Kalyani Innerwear has established an inner garment factory in Ghaziabad. TT Limited has established a garment factory in Amroha at the cost of Rs 50 crore whereas Sunwin Textile has set up a lace fabrics factory in Badaun.
There are 28 more investment proposals related to setting up of textile factories, whose investors are yet to apply for land. Officials from the department are in touch with these investors and the land deal is likely to be finalised.
