Nation's First Textile Machine Park in Uttar Pradesh
| Category | Details |
|---|---|
| Event | Nation's First Textile Machine Park |
| Location | Chaparghata village, Bhongaon area near Kanpur, Uttar Pradesh |
| Area | 875 acres |
| Model | Public-Private Partnership (PPP) |
| Objective | Reduce dependency on imports, boost Make in India, promote indigenous manufacturing of textile machines |
| Key Features | - 200+ large and medium units to be established- 1.5 lakh jobs to be created- Rs 30,000 crore exports expected- 40% reduction in machine costs- Local training for technicians |
| Machines to be Manufactured | Circular knitting machines, flat knitting machines, diving machines, printing machines, sewing machines, patient gown machines, technical textile machines |
| Current Import Sources | China, Vietnam, South Korea, Taiwan, Europe |
| Uttar Pradesh Textile Sector | - Known for Banarasi silk, chikankari, handloom, powerloom- Textile and Apparel Policy-2022 aims to strengthen the industry- 10 new textile parks being established in 10 districts |
| India's Textile Market | Expected to reach USD 350 billion by 2030 |
| Make in India Initiative | - Launched in 2014 by DPIIT- Aims to increase manufacturing sector growth to 12-14% annually- Target to raise manufacturing share in GDP to 25% by 2022- Create 100 million jobs |