The Southern Gujarat Chamber of Commerce and Industry (SGCCI) is all set to develop first-of-its-kind mega textile park on 70 lakh sq m of land owned by the state government at Pinjrat in Olpad taluka of Surat district, Gujarat with an initial investment of Rs 1,500 crore. SGCCI has formed a special purpose vehicle (SPV)â€â€Textile Processing Park Association (TPPA)â€â€for the mega textile park.
SGCCI has also appointed 15 directors to head the SPV for the mega textile park. The State Government will be sending Industries Commissioner Mamta Verma for site survey and seek a viability report on April 17, following the successful presentation on the project before the chief secretary to Gujarat Government in Gandhinagar last week.
The presentation was prepared by IL&FS and that it was well received by the government officials, the SGCCI office-bearers said. The park will accommodate around 100 textile processing units, 40 water jet weaving units, around 225 garmenting units and textile ancillary units.
The average capacity of manufacturing at the textile processing units will be over 3 lakh meters of fabric per day. Around 50 percent of the fabric manufactured in the processing units will be converted into home textiles and garments. The rest will be sold outside the state.