Textile Industry: Madhya Pradesh Scenario
Indore is the commercial capital of Madhya Pradesh, the second largest state in the country. Indore is one of the richest cities in central India and also known as “Mini Mumbai” among native people of Indore, due to its lifestyle similarities with Mumbai. It has established as a big hub for readymade garments manufacturing. Madhya Pradesh contributes 4% to the total cotton production in the country, making it the fifth largest state to produce cotton. In last 5-10 years, Madhya Pradesh has become a major center for new textile investments in India. During this period majority of major textile companies have invested in the state either in greenfield projects or on expansions; major investors include Trident, Vardhman, SEL, SRF and Century Textiles.
The state is natural choice for textile related investments due to easy availability of raw materials like cotton, well established ecosystem and progressive policy framework. Currently 65 large textile mills, thousands of looms and millions of spindles are operating in the state Indore, Ujjain, Dhar, Dewas, Khargone, Khandwa, Burhanpur, Gwalior, Chhindwara, Jabalpur and Bhopal are major centers for textile industry in Madhya Pradesh.
With good availability of yarn and fabric, the readymade garment industry comes as the next natural choice for new investments. In the view of the high employment generation potential, the State government has declared special incentives.