In a significant boost to its industrial landscape, Odisha has greenlit a major investment from MAS Holdings, a global apparel manufacturing giant. The Singapore-based company is set to establish an integrated textile facility in Khurda with a substantial investment of $143 million (Rs. 1,211.87 crore). This initiative is expected to generate 5,000 job opportunities, further strengthening the state’s position as an emerging hub for the textile and apparel sector.
Key Highlights of the Project
| Aspect | Details |
|---|---|
| Investor | MAS Holdings (Singapore-based) |
| Investment Amount | $143 million (Rs. 1,211.87 crore) |
| Location | Khurda, Odisha |
| Job Creation | Approximately 5,000 jobs |
| Approval Authority | High-Level Clearance Authority (HLCA) chaired by CM Mohan Charan Majhi |
MAS Holdings: A Global Apparel Leader
With operations in 16 countries, MAS Holdings boasts over 50 apparel manufacturing facilities and provides employment to more than 1 million people, primarily in Sri Lanka. Known for its integrated textile solutions and innovative approach to manufacturing, the company’s investment aligns with Odisha’s vision of industrial growth and employment generation.
Government’s Push for Industrial Development
The approval for MAS Holdings was part of a meeting of the High-Level Clearance Authority (HLCA), led by Odisha’s Chief Minister Mohan Charan Majhi, during which Rs. 1.36 lakh crore worth of industrial projects were approved across various sectors.
This development also reflects continuity in Odisha’s industrial growth initiatives, as the groundwork for MAS Holdings’ investment was laid during a meeting between its Chairman Mahesh Amalean and former Chief Minister Naveen Patnaik last year.
Pending Details and Future Updates
While this announcement is a significant step, questions remain regarding the reasons for the year-long approval process. Apparel Resources is in touch with MAS Holdings and the Odisha government to obtain further details about the project and its strategic importance. Updates will be shared as they become available.
This investment marks a key milestone for Odisha’s growing prominence in India’s textile and apparel sector, setting the stage for further industrial collaborations in the state. Stay tuned to glottis.global for the latest developments on this story and more insights into the global textile industry.
Glottis Limited 
Leave a comment