The effort of the state government in “Make in Maharastra” seems to have borne its fruit with first textile park being allotted to the textile city of Hinganghat in Wardha District under the new SITP scheme of 2012 – 2017. The park under the name of “Hinganghat Integrate textile park” is being jointly promoted by Gimatex, Bhagirath, Anoop Textiles, Elecon, Toto Toya and others who have come together to form a Special Purpose Vehicle(SPV). It is being set up in an area with ample availability of cotton, polyester and other raw material so as to ensure win-win situation for entrepreneurs and the farmers. The park will be developed in 32 acres of land with an estimated investment of Rs. 308 crores and employment generation capability of around 1,200 people.
“Maharashtra is the best place to invest for textiles owing to numerous benefits and our park will be the best place in Maharashtra to set up new units in Textiles owing to numerous benefits” informs the main promoter of the park Mr. Prashant Mohota, MD of Gimatex. He further adds that “We are receiving great support from both state and the centre to make this park function quickly. So this should help immensely in ensuring timely completion.” Congratulating the efforts of the park holders, MLA of the region Mr. Sameer Kunnawarji added that “Already the city has three major textile groups operating in the region for more than 100 years, hence this region’s workforce has a textile skill set available for new units. Also the new investments in cotton downstream processing will ensure that farmers in the region get the best price for their cotton produce. I am very hopeful that this park will further catapult this place into a major textile cluster leading to prosperity for whole cotton chain including the farmer”.
The park scheme is being promoted by Ministry of Textiles in line with Prime Minister Mr. Narendra Modi’s scheme for integrated and cluster approach modelled on lines with China. Around 20 parks have been approved under the new scheme, with around four in the state of Maharashtra. This scheme has recently been modified to ensure strict compliance to project execution and to promote new investments into textiles by first time entrepreneurs. The benefit of this model being short lead time in setting up units, with common buildings and utilities being set up by the SPV, for efficient use.