CM NAVEEN PATNAIK LAYS FOUNDATION STONE FOR WELSPUN GROUP’S INTEGRATED TEXTILES FACILITY AT CHOUDWAR
Bhubaneswar(17/02/2024): In a groundbreaking ceremony attended by more than 30,000 people at Choudwar, Cuttack, Chief Minister Naveen Patnaik, laid the foundation stone for Welspun Group’s Integrated Textiles Manufacturing Facility and Warehousing Complex.
The Integrated Complex is coming up with an investment of over Rs 3,000 Crores and is expected to create over 10,000 new employment opportunities in and around the Choudwar region. Welspun Group is one of the largest integrated textiles manufacturing companies in the country with facilities in Maharashtra, Gujarat, Karnataka, and Telangana.
The company is investing in the entire textile value chain in Odisha.
It will be procuring cotton from the farmers in the western and southern districts of Kalahandi, Balangir, Rayagada, and Gajapati for its textiles unit.
Speaking on the occasion, B.K.Goenka, the Chairman of Welspun Group, extended his gratitude towards the Chief Minister and the Odisha Government.
He said, “We are grateful for the support and commitment shown by the Chief Minister and the Government of Odisha.
Their dedication to fostering an environment conducive to industrial growth and development has been instrumental in bringing our project to fruition.
Through the Integrated Textiles Manufacturing Facility and Warehousing Complex, we want to create a world-class textiles ecosystem in Odisha and take forward the legacy of Biju Babu.” “The Welspun Group is also committed to improving the quality of life in Choudwar by developing several amenities for the public”, he added.
A team from IPICOL had met Goenka and the Welspun Group representatives during the pre-Make-In-Odisha (MIO Conclave) 2022 roadshows and had convinced them to explore Odisha as a potential destination before the investment was finalized in October 2023.
Chief Minister Naveen Patnaik, speaking at the event, expressed his enthusiasm for the project, stating, "This transformative investment by the Welspun Group is a testament to Odisha's growing prominence as a hub for industrialization and economic progress.
We are immensely proud to support initiatives that not only contribute to our state's development but also empower our workforce.” The CM added, “The Welspun project is expected to generate over 10,000 jobs, significantly impacting the local employment landscape.
It promises to act as a catalyst for Small and Medium Enterprises (SMEs), promoting business growth and innovation within a vibrant ecosystem.
This initiative not only signifies a major leap towards economic advancement but also reinforces Odisha's commitment to sustainable industrial development.” The Orissa Textiles Mill (OTM) at Choudwar, once eastern India's largest composite cotton mill, was co-founded by the Late Biju Patnaik.
The investment by Welspun Group is set to reignite industrial growth and development in the region as well as directly support the growth of cotton growers across the state.
The ceremony was attended by the Chief Minister Naveen Patnaik, V K Pandian, Chairman 5T Initiatives, B K Goenka, Chairman, Welspun Group, and other Senior Officials from Government of Odisha.
