Madura Lifestyle proposes greenfield textile unit in Odisha.

Madura Fashion & Lifestyle (MFL), an Aditya Birla Group enterprise, has proposed to set up a greenfield garment manufacturing unit in Odisha. It has sought 6-8 acres of developed land in Mancheswar industrial area in the city along with other incentive and concessions for putting up the facility.

MFL is the largest player in premium branded apparel segment known for brands like Allen Solly, Van Heusen, Louis Philippe and Peter England. The lifestyle player has lined up an investment of Rs. 75 crore in three phases with an overall production capacity of 4.2 million pieces per annum for the Odisha unit.

Total manpower requirement is pegged at 4,600 in all the three phases. The company is keen to create 11 ancillary units around the proposed plant that include three washing units, three goods packaging units and five embroidery units. Madura has sought allotment of land at concessional rates, capital subsidy of 25 per cent on total investments made on the plant and an interest subsidy of five per cent on the overall investment.

The company has requested full waiver on VAT (value added tax) and central sales tax (CST) for eight years from the date of commencement of operation. It has also sought full reimbursement on entry tax on plant and machinery and capital goods and raw material inputs for production of finished goods.


BS