3 days ago
Govt inks MoU with global apparel giants to drive textile growth
Bhopal: CM Mohan Yadav on Thursday held a roundtable with international sourcing heads of leading apparel brands, sealing an MoU with the Brand & Sourcing Leaders' Association (BSL) to boost investment in the state's textile sector.
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Addressing the gathering at CM House here, he said the state had put PM Narendra Modi's Five 'F' Vision - Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign - into practice, and was on course to become a global hub for apparel and textiles.
The upcoming 'PM Mitra Park' in Dhar district will take the state's textile sector to new heights.
The state's strong base in organic cotton, modern textile/garment capacities, abundant green energy, stable policy environment, and swift administrative decision-making culture provide the confidence that attracts global brands to invest in the state.
The CM said 'Made in MP - Wear Across the World' was not just a slogan but an industrial mission of the state, aimed at ensuring competitive access for MP's products in global markets.
"The textile and garment sector is empowering farmers, women, youth, and the underprivileged," Yadav said.
The CM, referring to the first meeting with the group held in Delhi on July 31 as the beginning of the 'journey from resolution to success', said Thursday's meeting in Bhopal was an opportunity to translate that resolution into concrete results.
He said the PM Mitra Park was being established on 2,177 acres in Dhar, and a groundbreaking ceremony for the park will soon be performed by Modi.
Even before the groundbreaking, letters of intent for investments worth over Rs 16,000 crore have been received. "So far, the state has attracted investments of more than Rs 3,513 crore in the textile sector," he said.
