Hindupur Vyapar Apparel Park Ltd.

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India - Heritage in Textiles

Indian textiles have a legendary heritage through the ages. Some of the best attires of Greeks & Romans were draped with Indian textiles. European settlers exchanged silver & gold for Indian textiles, which became the fashion statement of the period. Calico, Pajamas, Gingham, Dungaree, Chintz & Khaki - these apparel names are Indian contributions to the English language.

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India - Today

India today, is a fast emerging economic super power. With a population of a strong Billion plus and the world's largest middle class population, it unleashes the latent strength of popular consumerism while reshaping both business & the way of life. With the surging trend in all sectors, International Trade Journals have rightly billed India as one of the fastest growing economies in the world.

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Indian Textile Industry - An overview

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The Textile & Clothing industry is equally sharing the trends in this economic uptrend. T & C sector, accounts for nearly 4% of the Gross Domestic Product, 14% of the country's industrial production and 27% of the export earnings. Being the world's largest producer of silk, India's ranking in cotton crop production is a significant 15% of the global yield. Would you ever imagine that Textiles & Clothing is next only to Agriculture in terms of market-reach? The T & C sector has been at the forefront of socio-economic development while providing employment to nearly 35 million Indians amongst which include a substantial number of women.

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Thanks to the fast growing consumer class and increasing disposable incomes, per capita domestic consumption of textiles & apparels has a volume growth from about 20 meters to 32 meters and value growth from 25 billion US Dollars to 45 billion US dollars in the last decade and continues to grow even more n the following decade.

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India's cotton textile & garment industry has immense export potential. Cost competitiveness backed by international quality is driving the penetration of Indian basic yarns and grey fabrics in global commodity market, as a result of which apparels can be manufactured in relatively small batch lots. This flexibility offers larger variety of casual wear and leisure garments at cost effective levels.

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With a projected two fold increase in the size of the global textile market in the next 4 years, the National Textile Policy has targeted India's export revenues to 50-75 billion US dollars by the year 2020.

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Besides natural fibers like cotton, jute & silk, synthetic raw material products such as polyester staple fiber, polyester filament yarn, acrylic fiber and viscose fiber are produced in a mass scale. That presents the wide canvas of the Indian textile scene with wider opportunities.

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Andhra Pradesh & Hindupur - Logistic advantages:

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Andhra Pradesh (Seema - Andhra) a major contributor in the Textile & Clothing segment located in the Southern part of the country is one of the most progressive states of India . The state, as a whole, produces good quality cotton of over 2.6 million bales with a comparatively higher output per hectare in India. With around 70 cotton spinning mills , 9 open end spinning mills, 1050 weaving units and over 100 Textile processing centers, ….. Andhra Pradesh is truly an entrepreneurial haven of the Textile & Clothing industry.

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Hindupur, a deceptively quiet town but holding out a vast potential for industrial development, is an important landmark in the textile map of Andhra Pradesh. Logistically, this town located in the National Highway No.7 along the Bangalore- Hyderabad route, is a perfect setting for new ventures. It is just 120 Kilometers from Bangalore and 300 Kilometers each from Hyderabad & Chennai - all hi-tech meritocratic cities of India. So much so, Hindupur offers the best combination of all desirables

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Industrial land at affordable prices

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Adequate basic infrastructure like Water & Power

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Fast & frequent connectivity by transport & communication networks.

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Skilled & dedicated labor force available at semi-urban & rural wage rates

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Proximity to textile research institutions in Hyderabad, Chennai & Bangalore.

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Presence of quality educational institutions in Sri Krishnadevaraya University.

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Well equipped health care centers nearby.

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No wonder then, the Government chose Hindupur for setting up an Industrial Park. Apart from textile majors like Super Spinning Mills and Precot Mills a host of industries from different sectors have set up shop in Hindupur and in the resident Ananthapur District. This also includes prominent players like Ultratech Cements, Penna Cements, Wipro - Fluid power division, Gomathy alloy castings, Prime Granites, Surya Coach, Rayalaseema Technologies, Kerikera Food Products Pvt Ltd., etc., apart from a number of medium & small scale industries.

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Hindupur seems to have a traditional tryst with the textile industry. 10,000 handloom units and 2,500 power loom units in & around Hindupur would bear out this claim. When you think of Dharmavaram pure silk saris, you cannot miss out on Hindupur, which is an important production centre for this exotic variety of women's wear.

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Textile Industry - Incentives & Packages

With the fresh set of Central & State Government initiatives, the outlook for the Textile & Clothing industry, looks all the more brighter.

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First & foremost, there is no license required for setting up textile units. All matters are expeditiously handled by a Single window clearing agency.

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Synthetic segment gets a boost with the reduction in excise duty and cuts in import duty on man made fiber and filament yarn.

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There is a Fillip for technology upgradation through increased budgetary allocation to the TUFS - the Technology Upgradation Fund Scheme. The Central Government offers 5% interest subsidy for 6 years or 20% cash subsidy upto 2 Million Rupees investment for the Small Scale Industries - the SSIs. This will help existing units upgrade their facilities and new units to plan for latest technology.

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There are other benefits for Small Scale Industries as well. The Andhra Pradesh State Government also offers interest subsidy for 5 years for investments upto 2.5 million Rupees. The SSIs located in the D+ zone with an investment of 2.5 Million Rupees become eligible for 35% Special area subsidy.

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It is not SSIs alone that stand to benefit. There is a Special package of incentives for mega projects investing 100 Crore Rupees (about 22 million US dollars) or generating employment for 2500 people.

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Most importantly, the incentive package gives thrust to SITP - the Scheme for Integrated Textile Parks, which welcomes public-private partnership for setting up world class infrastructure, targeting textile industry clusters and locations with high growth potential. 40% Infrastructure development funding from the Govt of India under the SITP scheme, is truly a boon to the investors.

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Labor laws are proposed to be liberalized for Special Economic Zones and Textile Parks.

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Yarn depots are planned in different parts of the country to ensure uninterrupted supply to the weavers.

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Additional concession in power tariff for garmenting, processing & weaving units.

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Special grants for providing employee infrastructure and training.