Indian Oil Corporation: Textile park in Odisha to be functional in 2024, says Indian Oil Corporation

Indian Oil Corporation: Textile park in Odisha to be functional in 2024, says Indian Oil Corporation

The proposed textile park of Indian Oil Corporation (IOC) at Bhadrak in Odisha will become functional in 2024. This was announced by Ranjan Kumar Mohapatra, director HR at at the CII webinar on Rebooting Textile and Apparel held on Wednesday He said that the 900-tonnes per day textile park will be set up with an investment of around Rs 1,971 crore.

Syed Shahnawaz Hussain, industry minister of Bihar, who attended the CII webinar said “The government is playing an active role in developing the textile sector which would pave the way for achieving the production capacities envisaged.” he spoke about the locational advantage of Bihar which the state government is trying to capitalize upon. The Government is working towards supporting the migrant workers who have returned due to the havoc caused by the pandemic, he added. According to him, the essential prerequisites are readily available in the state and new avenues are being created in the textile sector based on the skill of the locals.

“Reviving traditional sectors like handloom, jute and others and developing the ecosystem for emerging sub-sectors like technical textiles is important”, said Pankaj Dixit, industry secretary of Bihar. He discussed the need for reviving traditional as well as focusing on emerging thrust areas in textile and apparel and emphasized that the ministry has undertaken a comprehensive consultation with all the concerned stakeholders before drafting the policy.

Speaking earlier at the session, U P Singh, Union textile secretary, discussed the PLI scheme and said that it is an attractive proposition for the industry to invest Rs. 100 crore or more and double the turnover by building capacities and improving productivity.

Jyotiprakash Das, director of textiles directorate of Odisha advocated that the textile of Odisha is a reflection of its cultural ethos. The intricate work and vibrant colours make them a style statement, he added. He pointed out that handloom weaving in the state is one of the ancient and largest industries in India supporting weavers and related craftsmen and artisans. He declared the need to preserve the rich heritage of the state and upgrade the skills of the artisans. He said that the State Government was working towards the same and a stable governance is an added advantage towards it. A nodal agency for Apparel Park, Spinning Mills Federation Ltd. (SPINFED) has been set up for units with investment per unit up to Rs.50 crore. units with investment per unit above Rs 50 crore applications will be processed by IPICOL.

The webinar discussed the opportunities, investment, statutory compliance with the major issues and challenges faced by the industry today along with opinions and suggestions to address the same. This initiative facilitated the identification and addressing of major challenges and issues faced by the industry to ensure that the sector achieves its aspirational growth target. The stakeholders deliberated about the future of the textile sector in Eastern India. In addition, senior professionals discussed the possible transformation journey which can address the challenges and ensure the future growth of this sector.

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