Companies in talks to invest in developing textile hub in MP: Invest India COO, Retail News, ET Retail

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INDORE: A few companies are in talks with the Madhya Pradesh government to set up a hub for developing a supply chain for textiles, said Invest India chief operations officer (COO) Priya Rawat.

Invest India is a national investment promotion agency under the ministry of commerce and industry.

“We are also looking to set up hubs for the entire supply chain of textiles from farms to factories in MP. We are in talks with the companies and in due course these investments will be announced. We are waiting for the companies to make announcements,” said Rawat.

She said Invest India is working very closely with all states including MP and handhold them to get access to the right information for investing.

“MP being centrally located has become a hub for the logistical movement of goods from across the country. Investors are looking at opportunities in MP in the field of textiles, infrastructure for allied industries like chemicals and food processing. All of these sectors have lots of opportunities available,” said Rawat.

Rawat said that FDI policies across many sectors have been relaxed in the past 8 years to make doing business easier.

“We are looking at FDI, investors and domestic companies taking advantage of the opportunities available in India,” said Rawat.

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