The Maharashtra Government has signed a Memorandum of Understanding (MoU) with OFAB Tech Private Limited, opening the door for a Rs. 750 crore investment in the textile industry, in a step that will completely transform Wardha’s economic landscape.
The deal was signed at deputy chief minister Devendra Fadnavis’s official residence in Mumbai. It is expected to generate about 15,000 new jobs in the Wardha district’s Karanja (Ghadge) MIDC area, which is well-known for Vinoba Bhave’s ashrams and Mahatma Gandhi’s Sevagram.
An important turning point has been reached in the state’s attempts to encourage industrial growth in historically impoverished areas with this development.
OFAB Tech, a B2B behemoth with an annual revenue of Rs. 25,000 crore, plans to build a cutting-edge textile facility by taking use of the region’s plentiful raw materials, reliable power supply and first-rate transportation network. With Wardha as its core, the project is anticipated to spark a rapid industrial development in Vidarbha.
Fadnavis underlined how this investment will have a broad impact, stating that the project will support the textile industry as well as act as a cornerstone for the region’s overall industrial expansion.
Officials from OFAB, Ashish Mohapatra, Yogesh Mandani, Rajesh Chawade, and Vikram Singh were present, along with Principal Secretary of the Industrial Department Harshdeep Kamble.
The initiative’s emphasis on empowering local communities—especially women artisans—is one of its distinctive features. The project will use a hub-and-spoke architecture, bringing benefits to the adjacent rural areas of Wardha. Through leveraging regional assets and expertise, the investment seeks to promote economic development throughout the area.
Because of the project’s ability to accommodate both skilled and semi-skilled labourers, a wide range of the local populace will profit from industrialisation. Local business leaders claim that the Government’s choice of Wardha demonstrates its dedication to equitable regional development. Wardha is positioned to emerge as a new textile cluster in Maharashtra thanks to its advantageous location and unrealised potential.
