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28- 30 October, 2012 - Indore

Global Investors Summit 2012. 28- 30 October, 2012 - Indore. madhya pradesh. The Emerging Textile Hub in India. RK Chaturvedi Industries Commissioner Govt. of Madhya Pradesh. Presentation Structure. History of Textiles in Madhya Pradesh. History of Textiles in MP.

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28- 30 October, 2012 - Indore

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  1. Global Investors Summit 2012 28- 30 October, 2012 - Indore madhyapradesh The Emerging Textile Hub in India RK Chaturvedi Industries Commissioner Govt. of Madhya Pradesh

  2. Presentation Structure

  3. History of Textiles in Madhya Pradesh

  4. History of Textiles in MP Madhya Pradesh a leading textile hub. Modern textiles history dates back to 19th century. First cotton textile mill established in 1866 by Maharaja Holkar. Malwa region had the pride to own some of the largest textiles mills. Textiles has a rich heritage in MP. Weaving, printing & dyeing of fabrics have age-old tradition.

  5. History of Textiles in MP Hand block printing is one of the important crafts. Malwa & Nimar renowned for hand block-printed cotton textiles. Art of tying & dyeing fabrics known as Bandhni. Craftsmen of Ujjain and Indore produce exquisite tie & dye fabrics. State is famous for delicate Chanderi & Maheshwari sarees. Maheshwari introduced by Ahilyabai Holkar.

  6. Textiles Canvass Madhya Pradesh

  7. Textile industry thriving in southwest region. Indore, Ujjain, Burhanpur, Bhopal & now Budhni- leading textiles centres. Raw cotton, ginning & pressing units, skilled manpower - reasons for rapid textiles growth. Growth of export oriented spinning & knitted garment units near Indore. Focus on cluster development by developing infrastructure. Growth of Chanderi & Maheshwari products - excellent examples of cluster development. MP Textiles Canvass

  8. Prominent Players in Textiles in MP • Raymond has 50% of its worsted suiting installed capacity at Chhindwara. • Indo Rama setup its first textiles unit at Pithampur. • S Kumar’s started its textile business from MP. • Mafatlal has its textiles operation at Dewas. • Grasim has its VSF Plant at Nagda – meets almost entire demand of viscose fiber in the country. • Trident setting up largest textiles plant to make home furnishing in Budhani. • Vardhman has set up two large textiles units in Budhani. • Nahar established spinning mills in Pilukhedi & Mandideep. Other significant players : • Century • Parasrampuria International • Maral Overseas • Bhaskar • Pratibha Syntex

  9. Textile Infrastructure in Madhya Pradesh

  10. Textiles Infrastructure in MP • MP is 4th largest cotton producer in India. • Produces 6% of country’s cotton yarn with > 20 lakh cotton bales produced every year. • Number of textiles mills increased to 60. • 20 mills are composite, 6 are weaving & 12 are export oriented. • Total installed capacity of spindles is 15.11 lakh. • Textiles export is approx. Rs.1800 crore per annum. • Pratibha Syntex, STI Phoenix & Maral Overseas are major players in apparel manufacturing. • 43,290 power looms & 47,000 handlooms in Burhanpur & Ujjain.

  11. Textile Infrastructure in MP • Chanderi, Maheshwar, Burhanpur renowned textile clusters - best known for quality fabrics. • Textiles mills produce world class Denim & export quality apparels. • Largest producer of staple fiber yarn in the country at Nagda. • Indore & Jabalpur- renowned readymade garment & apparel clusters. • Textiles park is coming up in Chhindwara under SITP. • Apparel parks are proposed at Indore & Jabalpur.

  12. Textiles Infrastructure in MP • An Apparel Park for integrated textile units being setup in SEZ Indore. • Ready-made garment complex has been established in Pardesipura (Indore). • Textile specific ITI’s being setup on PPP mode under Skill Development Programme.

  13. Advantage Madhya Pradesh

  14. Locational Advantage Logistical advantage for serving markets across India. Trunk rail routes & National Highways pass through MP. • Cosmopolitan socio-cultural & religious population. • Acknowledged as a peaceful state. • Major trunk gas pipelines transit through state.

  15. Knowledge Pool Advantage in MP • Large number of technical & Professional manpower. • Indian Institute of Management (IIM) and IIT at Indore. • Maulana Azad National Institute of Technology (MANIT), Bhopal. • NID, NIFT, IIS & AIIMS have been established up in Bhopal. • Indian Institute of Information Technology & Management (IIITM)- Gwalior & Indian Institute of Information Technology-Design and Manufacturing (IIITDM)-Jabalpur. • National Law University at Bhopal.

  16. Major investment in Textiles sector

  17. Industrial Promotion Policy 2010 (as amended in 2012)

  18. Investor Friendly Government Framework Investment regime with well laid down policies. Three tier structure for project clearances. Single window facilitation for hassle free investor’s interface. Customized package for mega projects. Investment Relationship Managers for speedy implementation. Women workers allowed to work in night shifts.

  19. General Incentives to Large Textile Units • Concession @ 75 % on land premium to large textile units. • Investment above Rs. 500 cr - area of concessional land to be decided by Apex. • IPA - VAT refund @ 75 % for 10 yrs limited to fixed investment. • Entry tax exemption for 5 yrs. In certain cases extra 2 yrs. • 50 % of input tax retained given as assistance.

  20. Special Package for Textile Industry • Investment subsidy @10 % limited to Rs. 1 cr. • For new units with investment over Rs.100 cr - Entry tax exemption for 7 yrs. • Interest subsidy @ 2% for 5 yrs on TUFS linked long term loan limited to Rs. 5 cr. • 25% subsidy for Apparel Training Institute limited to Rs. 25 lakh.

  21. Incentive to Small and Medium Textile Units • Small scale textile units with investment over Rs. 50 lakh- Special subsidy @ 25% limited to Rs. 30 lakh. • Medium scale textile units – Special subsidy @ 25 % limited to Rs. 12 , Rs. 18 & Rs. 30 lakh in A, B & C category distts respectively. • Interest subsidy @ 3 - 5% limited to Rs. 10 - 20 lakh for a period of 5 - 7 yrs. • IPA -VAT refund @ 50 % or 75 % for a period of 3 -10 yrs limited to investment. • Entry tax exemption for a period of 5 yrs. • 50 % of input tax retained will be given as assistance in case of stock transfer. • Project report cost expenditure reimbursement- 1% limited to Rs. 3 lakh. • Patent cost reimbursement- 100% limited to Rs 2 lakh • Technology purchase- 100% limited to Rs. 2 lakh. • Quality certification reimbursement – 50% limited to Rs. 1 lakh.

  22. Opportunities • Textiles is set for strong growth due to strong domestic consumption & export. • CITI values textiles sector at $ 110 Billion in India by 2012. • Organized apparel segment expected to grow at 13 % over 10 yrs driven by rising consumption & disposable income. • Vast opportunities for Spun Yarn, Fabric, Fashion Designing, Readymade Garments, Organic textile. • Technical textiles an emerging area for investment with good growth potential. • Global market for Technical textiles to grow to $ 31 Billion by 2020.

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