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