91 garment units get plots at Apparel City

Hall: | Stall:

Noida: Already goes by the name ‘Apparel City’, the Uttar Pradesh government has announced to give 150 acres of land to garment manufacturers and exporters in Gautam Budh Nagar for further expansion, TOI reported.

The 150-acre area of land is being developed in sector 29 by the Noida Apparel Export Cluster. The garment cluster is expected to draw an investment of around Rs. 2500 crore and generate employment for five lakh people, exporters say.

Land allotment for the upcoming Apparel City is complete and 91 readymade garment manufacturers and exporters have already picked up plots at the site, which will be handed over in a month’s time.

Lalit Thukral, president of Noida Apparel Export Cluster told TOI, “So far 91 prominent garment houses have taken up land at the Apparel City project site and have been issued allotment letters. They will start building factories as soon as they get possession of their plots, which may take a month. We hope all construction will be complete within a year and by 2023, the apparel hub should be and running.”

However, no date has been fixed for the inauguration of the Apparel City just yet. “We haven’t decided on any formal inauguration just yet, but possession should be complete in the coming months,” CEO of YEIDA, Arun Vir Singh, said.

“The garment cluster is expected to draw an investment of around Rs. 2500 crore. We are looking at an employment of around three lakh people directly and two lakh more indirectly. Almost 70% of the jobs are likely to go to women. The NAEC is likely to drive exports worth Rs. 5000/- crore from the third year of its establishment,” Thukral said.
Apart from setting up the RMG production units, NAEC has proposed to set up apparel training centres in over 2,000 villages of Uttar Pradesh, where training will be offered to locals.

 

 

More Industry News

Retail brands bet on high-streets for expansion: Report

Leading retail brands across categories are zeroing in on high-street markets for expansion across India in a calibrated post-pandemic move. Between April…View More

Kidswear take larger share of online fashion market : Report

With more than 17 per cent increase in market share, Kidswear has seen a tumultuous growth in volumes of over 200 per…View More

Badminton Apparel Market to hit $30bn by 2031 at 11% CAGR

The global badminton apparel market is poised to expand rapidly at around 11 per cent CAGR, surpassing a revenue share of $30…View More

We Can Help You Enhance Your Business

We at Unique Laser Engravers are the authorised distributor & service providers of laser systems for Universal Laser Systems Inc. U.S.A. and…View More

We Offer Customised Digital Textile Printing Machines

Incorporated in 2011, Truecolor Impex is inherently a trading company dealing in world’s renowned brands. We at Truecolor Impex boast among the…View More