Hinganghat Integrated Textile Park (HITP) is an ambitious and prestigious project of Rs.328 crores spread over 32 acres of Land in Wani (village), Hinganghat (taluka), Wardha (district). Would provide employment directly and indirectly to 1500 employees. It is centrally located with good connectivity to National Highway No.7 (3 Kms), Hinganghat Railway (5 kms) and Dr. Baba Saheb Ambedkar International Airport (69 kms). It is a PPP project under Scheme for Integrated Textile Park a Central Government sponsored scheme under Ministry of Textile and Make in India, Make in Maharashtra scheme. Under this scheme only 61 parks are being sanctioned throughout the nation out of these Hinganghat Integrated Textile Park is one. Hinganghat is situated at the heart of cotton belt producing area of our country. Hence it would provide a good source of raw material to its emerging textile companies. The units such as Spinning, Ginning, Technical textile and Garmenting, etc are all to be found in one place.
The success of HITP is depended on Special Purpose Vehicle (SPV). SPV is corporate body registered under companies act 2013. It consists of minimum 8 promoters, financial institutions, State and Central Government. The success of SPV is depended on promoters. More than 50% of HITP’s promoters have 100+ years of experience in the field of textile industry. The main promoter of HITP is Gimatex Private Limited. All the promoters of the Park belong to families who have been engaged in Spinning and weaving for decades. They have established fragmented small factories for Spinning of Yarn and Weaving of Fabrics and have business links all over the country for marketing. The entrepreneurs propose to set up modern Spinning and weaving units with the required backward linkages and forward integration into garmenting units.
The market is now opening to many other. The distinction between consumers and producers is bridging the gap. The markets have always looked at textile industry as a source of inspiration for new trends, fashion and vogue To survive in the era of competition, we have to improve our quality, productivity and speed with minimum cost by adopting the modern techniques and technologies. To keep up with pace of the changing textile industry and to bring the manufacturers and its ancillary units under one roof. Govt. of India is introducing unique scheme for the overall development and up gradation of Indian textile Industry the High Tech Textile Parks all over India. In an increasingly complex global market, having forecasting view, efficient and strategic steps are being taken for the up gradation and expansion of the industry by the Govt. of India.