India’s MP state signs MoU with BSL to boost textile growth

India’s Madhya Pradesh (MP) government recently signed a memorandum of understanding (MoU) with the Brand & Sourcing Leaders’ Association (BSL) to boost investment in the state’s textile sector.

Under the MoU, a joint action plan will be developed in areas like sourcing, production, logistics, design, and skill development, an official release from the state public relations department said.

India’s Madhya Pradesh recently signed an MoU with the Brand & Sourcing Leaders’ Association to boost investment in the state’s textile sector.
A joint action plan will be developed in sourcing, production, logistics, design and skill development.
A task force will ensure time-bound execution focused on PM MITRA Park, cluster-linked support, road shows and export promotion and ESG-linked investments.

A task force will be formed to ensure time-bound execution focused on PM MITRA Park, cluster-linked support, brand engagement road shows, export promotion and investments linked to environmental, social and governance (ESG) issues, it said.

State chief minister Mohan Yadav held a roundtable with BSL representatives and assured them full support in investment, production and employment.

The upcoming PM MITRA Park in Dhar district will take the state’s textile sector to new heights. Even before the ground-breaking ceremony of the park, letters of intent for investments worth over ₹160 million have been received, the chief minister said.

“So far, the state has attracted investments of more than ₹3,513 crore in the textile sector,” he added.

The state’s strong base in organic cotton, modern textile-garment capacities, abundant green energy, stable policy environment, and swift administrative decision-making culture provide the confidence that attracts global brands to invest in the state, according to the release.

Fibre2Fashion News Desk (DS)

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