States compete to secure India’s next textile investment wave
Karnataka emerged as Bharat Tex ******;s strongest performer in terms of execution-ready investments, signing ** MoUs worth ****;*,*** crore (~$*** million) that are expected to generate **,*** direct jobs. Anchor investors include Shahi Exports, Manjushree Spintex, Colortone Textiles and Rishi FIBC, according to the state government. The projects will strengthen the *,***-acre Kalaburagi PM MITRA Park, one of seven integrated textile parks being developed under the Centre**;s flagship programme.
Madhya Pradesh announced investment proposals worth ****;*,*** crore (~$*** million), with projected employment of **,*** people. Its competitive advantage, however, extends beyond these announcements. The *,***-acre Dhar PM MITRA Park has already built an investment pipeline of around ****;**,*** crore (~$*.** billion) from more than ** companies. The state also highlighted its position as India**;s largest producer of organic cotton, offering a sourcing advantage as global brands increasingly prioritise sustainable raw materials.
Andhra Pradesh secured the event**;s largest single investment commitment, with proposals worth up to ****;*,*** crore (~$*** million). The headline project is Finland-based Infinited Fiber Company**;s proposed ****;*,***-crore (~$*** million) textile recycling facility in Visakhapatnam, alongside a ****;***-crore (~$** million) garment manufacturing unit. The investment aligns with growing demand for recycled textile inputs in export markets, particularly Europe.
