The attractiveness of Odisha for textiles investments is vindicated by ABFRL and Shahi Exports operating their units out of Bhubaneswar.
A report of the Apparel
Export Promotion Council (AEPC) titled 'Location Analysis for Selected Cities in Odisha for Apparel
Sector' shows that Odisha is emerging as one of the top destinations for apparel manufacturing in the country. The state government has identified apparel as one of the identified focus sectors as part of its Vision 2025 for industrial development. Odisha offers abundant skilled skilled workforce for the apparel sector, the report substantiated.
"With multiple dedicated locations identified for setting up apparel parks, competitive land rates and ready to occupy industrial sheds, Odisha offers a compelling value proposition for units in the apparel sector", AEPC noted.
Over and above its Industrial Policy Resolution (IPR) of 2015 laden with fiscal and non-fiscal sops, the Odisha government has formulated the Odisha Apparel Policy 2016, providing additional support for development of the sector. The sector specific policy offers various incentives including employment and investment based incentives, various fiscal incentives, capital grants of 20 per cent of project cost of the park up to Rs 20 crore, interest free loan up to 10 per cent of project cost, with a maximum limit of Rs 10 crore, among others.