West Bengal is hoping for its first textile park to be set up in Jagdishpur, 20km from Kolkata. The textile park is expected to be operational by 2015.
The state government and the West Bengal Hosiery Association (WBHA) are currently considering setting up the first textile park by the end of 2013. West Bengal will be taking points from the textile park of Tirupur in terms of design and structure.
The state currently has 2,500 operational SME textile units accounting for INR2,000 crore worth of hosiery. Tirupur accounts for an average INR10,000 crore worth of production.
West Bengal was once a major centre for hosiery production, but after the opening of the Tirupur textile park, the state lost its production base due to lower costs of production and cheaper labour in Tirupur.
The textile park in WB, will mainly account for hosiery production and the expected investment is INR100 crore over 100 acres of land. The West Bengal Hosiery Park Infrastructure will be a special purpose vehicle that will work on the development of the park.
This park is expected to give a considerable boost to the textile industry in WB by generating over 10,000 jobs from the 170 SMEs that will be placed at the textile park.
The president of WBHA, Sanjay Jain said in a Hindu Business Line report that work on the park is expected to be complete by the end of 2013. The Centre has sanctioned INR40 crore for the park under the its integrated textile park scheme.