Textile

Textile
Textile
Textile

Sector
Highlights

  • With a strong presence across all the segments of textile industry
  • Home of world-renowned Chanderi and Maheshwari sarees and Bagh handloom products
  • With presence of companies like Grasim, Raymond, Trident, Vardhman, Nahar, SEL and Pratibha Syntex, Madhya Pradesh is also a major player in production of modern textiles
  • 5th largest producer of cotton in the country
  • 65 textile mills operating in the state that have created over 300,000 jobs, overall
  • Availability of peaceful, low cost and skilled labour

Investment
Opportunities

  • Investment opportunities available across the textile value chain – Weaving & Knitting, Processing of Yarns and Fabrics, Technical Textiles Manufacturing and Garmenting
  • Manufacturing facilities can be set up in and around Bhopal, Indore, Jabalpur and Gwalior

Policy
Highlights

  • Investment subsidy – 10%
  • Interest subsidy on loans borrowed from Banks/FIs for plant and machinery – 5% for a period of 5 years from the date of commercial production
  • Training subsidy – 25% subsidy is given for establishment of Apparel Training Institute
  • Entry Tax and Electricity Duty exemption – for a period of 5 to 10 years
  • VAT and CST assistance