Odisha signs 33 MoUs for investment of $902 million in textile sector

The eastern Indian state of Odisha has secured a significant breakthrough in textile sector investment following the launch of its Apparel & Technical Textile Policy 2022. The state government has announced the signing of 33 Memorandums of Understanding (MoUs), amounting to investments worth ₹7,808 crore ($902 million).

Odisha Chief Minister Mohan Charan Majhi, while inaugurating Odisha-TEX 2025, stated, “The state is set to emerge as the textile hub of eastern India. Odisha offers attractive incentive packages under its Industrial Policy Resolution 2022 and the Odisha Apparel & Technical Textiles Policy 2022, supported by excellent infrastructure and governance.”

Odisha has signed 33 MoUs worth $902 million to boost its textile sector under the state’s Apparel & Technical Textile Policy 2022.
With plans to create over 1 lakh jobs by 2030 and expand clusters in six districts, the state is positioning itself as eastern India’s textile hub.
Employment subsidies have been raised to support workforce participation and attract investors.

The textile and apparel industry event, Odisha-TEX 2025, was organised by the state government in Bhubaneswar.

The Chief Minister added, “With world-class infrastructure, progressive policies, and a skilled workforce, we are creating unmatched opportunities for investors and livelihoods for our people.” He also announced the formation of a dedicated Task Force under the Industries Department and assured investors of fast-track implementation and full government support.

Odisha has set an ambitious vision to create over one lakh jobs in textiles and apparel by 2030, while developing new textile clusters in Bolangir, Keonjhar, Sambalpur, Jagatsinghpur, Ganjam, and Cuttack.

Chief Minister Majhi also announced that the employment cost subsidies under the Odisha Technical Textile & Apparel Policy 2022 would be increased from ₹5,000 to ₹6,000 ($58–$70) per month for male workers, and from ₹6,000 to ₹7,000 ($70–$81) per month for female workers.

The event attracted over 650 delegates from the textile sector, including global brands, leading textile and apparel companies, investors, technology providers, startups, and senior government officials.

More than 160 companies, including reputed manufacturing units such as Page Industries, First Step Baby Wear, KPR Mills, Sportking, Adarsh Knitwear, Anubhav Apparels, Bon & Co., and B.L. International, participated in the summit.

Fibre2Fashion News Desk (KUL)

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}