Chhattisgarh secures Rs 973 crore textile investment, targets 14,000 jobs at Nava Raipur park
Four firms including Saravana Mills (Rs 528 cr) and Swift Textiles (Rs 235 cr) commit to an 81-acre Textile Park at Nava Raipur under the state's 2024-30 Industrial Policy, offering 200% incentives on fixed capital. Suppliers already feed H&M and M&S international supply chains.
What happened
Swift Textiles · Chhattisgarh secured Rs 973 crore in textile/garment investment from four firms, creating 14,000 jobs at Nava Raipur Textile Park. Suppliers
Key facts
- Rs 973 crore total investment
- 14,000 jobs
- Rs 528 crore Saravana Mills
- Rs 235 crore Swift Textiles
- Rs 210 crore Puneet/Drishti
- 81-acre Textile Park
- 200% incentives on fixed capital
Why this matters
The 81-acre Nava Raipur Textile Park with four committed firms and established H&M/M&S supplier relationships presents partnership, sourcing, or acquisition targets in an emerging low-cost Indian apparel cluster.
What to watch
- Ground-breaking dates and first disbursal of the 200% incentive
- Skilled-labour availability and wage inflation signals in Raipur region
- Effluent-treatment/environmental clearances for textile processing
- Global apparel demand and buyer order pipeline from H&M/M&S
- Additional firms signing MoUs to fill remaining park capacity
- State to fast-track land allotment, common effluent treatment plant and power/water infrastructure at Nava Raipur
- Saravana and Swift to finalize plant designs, source machinery and begin skilling tie-ups with local ITIs
- Adjacent spinning/dyeing and packaging suppliers to scout plots to co-locate near anchor mills
- Global buyers (H&M, M&S) to run vendor audits before shifting incremental orders