Madhya Pradesh invites investment in textile sector from Rajasthan
Chief Minister of India’s Madhya Pradesh (MP) state Mohan Yadav recently invited investors from neighbouring Rajasthan state to further develop the former’s textile industry.
He was addressing local investors, business leaders, industrialists and representatives of various industrial organisations at a session on investment opportunities in MP held in the textile city of Bhilwara in Rajasthan.
Drawing inspiration from Bhilwara’s rich textile heritage, Madhya Pradesh seeks to explore multiple opportunities and build a long-term partnership with a progressing Rajasthan, an official release from the MP government said.
Yadav, who has personally taken charge of the state’s industries department, said incentives are being provided to investors, and significant concessions are being offered for major investment proposals.
The foundation stone for the country’s first and largest PM MITRA Park in the textile sector has already been laid in MP.
Secretary of the Mewar Chamber of Commerce RK Jain urged Yadav to establish a technical textile park in the bordering Neemuch district.
