Industry News

Warangal Set to Get India’s largest Textile Park

Warangal (Telangana) which is the second largest city after Hyderabad is all set to get country’s largest textile park with the massive area of 2000-3000 acres. This is a major breakthrough for the Indian textile industry and the state itself, which was formed after split from Andhra Pradesh. The proposed park will receive a total funding of 3000 crores over the years and it will be of an international standard with all the modern facilities for the stakeholders.

Indian textile industry was facing tough times because of low cost manufacturing from China and now Bangladesh. Current textile parks in Solapur, Surat and others have specialisation in particular categories while this proposed park will cover all the segments.

Different companies have expressed their interest in the development of this park and some have already come forward to take the first mover advantage. Since the city has already been selected under Central govt. ‘’Smart City Project” this would also help the textile industry in long term.

According to TechSci Research, Warangal’s geographical location and proximity to availability of raw materials like cotton and other give it huge advantage over others. This mammoth size park may change the landscape of Indian textile industry which has been losing its market share to cheap manufacturing in Bangladesh in last couple of years. Since this park is proposed to also have an apparel park for ready-made clothing, this will help country in taking a lead in ready-made garment export.