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Chinese investment firm to set up textile park in Gujarat

Date 22-May-2015
Subject Chinese investment firm to set up textile park in Gujarat

AHMEDABAD : The Gujarat government today said that a Chinese investment firm has signed a deal to set up a textile park near the industrial town of Sanand, which is around 25 km from here.

The MoU was signed between Gujarat government's Industrial Extension Bureau (iNDEXTb) and China Small and Medium Enterprise Investment Ltd (CSMEI), Arvind Agrawal, Additional Chief Secretary, Gujarat Industries and Mines department said at a press conference.

Agrawal, who was a part of the delegation of Gujarat Chief Minister Anandiben Patel to China said that CSMEI is also interested to set up an Industrial Park in the state.

"AS per the MoU signed between us and CSMEI, they are interested to set up a Textile Park near Sanand in the first phase. In the second phase, they will explore the opportunities to set up an Industrial Park in Gujarat. Both these parks are expected to fetch investment of Rs 10,000 crore," Agrawal said.

During the tour, various companies and entities of Gujarat and China have signed 22 MoUs worth Rs 30,000 crore, said Rajya Sabha MP and Group President(Corporate Affairs) of Reliance Industries Ltd. Parimal Nathwani.

According to Agrawal, these 22 MoUs include the one for setting up Textile Park as well as Industrial Park worth Rs 10,000 crore and one more MoU signed with CSMEI to set up a Techno-Knowledge Park in Gujarat with an investment of Rs 19,000 crore.

"During our China visit, we saw a high-end Education Park, which was truely a smart city. Thus, we have signed an MoU to set up such smart city here, which will be called as Techno-Knowledge Park. It will require atleast 20 sq km area. Thus, we will take a decision about the place where this park would be set up" he added.

"Gujarat based entrepreneurs imports Chinese furniture in large quantity. At the same time, we also import wood in large quantity and it arrives at Kandla port. Thus, we proposed the Chinese firms to set up a Furniture Park at this port or at any other nearby city" said Agrawal.

"In this park, Chinese firms can make furniture using that imported wood and directly sell these articles in Gujarat. This is not only practical but also profitable to both of us. We are awaiting their feedback on our proposal" said Agrawal.

Source : economictimes.indiatimes.com

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