Business

Jharkhand Attracts Huge Textile Investments

Jharkhad Chief Minister Raghubar Das has pledged to develop Jharkhand as a textile hub citing investment-friendly government policies and abundance of human and natural resources in the state. While inaugurating the first unit of Rampur Arvind Smart Textile and Phase 2 of Bhoomi Poojan, the CM said that the company will provide ample employment opportunities to the people of Jharkhand. "Today is an important day for Jharkhand as new employment opportunities are opening here. We are growing fast in the direction of developing Jharkhand as a textile hub. On completion of Phase 2 of Arvind Textiles, 16 million garments will be produced each year. With this, 7500 people will get direct employment, of which 80% will be women. Large number of indirect jobs will also be created," said the CM. He said the state has one of the best textile policies in the country. On the employment of women under the policy, subsidy of additional Rs 1000 is being given to the company. A subsidy of Rs. 5000 per person per month and a subsidy of Rs 6000 per woman employment is being given. The CM said that people are being trained through skill development to connect them with employment. "The impact of the government's efforts on skill development is also visible. People are getting employment within the state. Earlier, our girls had to go to another state for jobs of Rs 7000-8000. They were exploited in every way. Now they will not only get rid of the life of hell, they will also get employment of Rs 12000-13000 close to their homes," he said. He said that the production of tassar silk is around 3,700 metric tonnes in the entire country, of which around 2,600 metric tonnes is produced in Jharkhand and is mainly exported to the US, UK, Australia, Germany and Switzerland. The government plans to complete the tassar silk value chain within the state, to create further employment opportunities and bring in revenue for the state. Referring to Momentum Jharkhand, the CM said that till now 30 textile companies have started building factories in the state. Out of this, four companies - Orient Craft, Kishore Exports, Sidditech and Arvind Mills - have started production. Another 26 companies are investing Rs 1,367 crore in the state. This will provide employment to 26,000 people. Apart from this, the proposals of eight companies from different states are under process, said he. Executive Director, Kunil Lalbhai, Arvind Mills said that Jharkhand has immense textile manufacturing capacity that it will soon leave behind Bangladesh. Khijri MLA Ram Kumar Pahan, Principal Secretary to CM Sunil Kumar Barnwal, Industry Secretary K Ravi kumar, Director Industries Jishan Kammer, CEO Arvind Mills Sushil Kaul and a large number of dignitaries present on the occasion.