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Delhi News Daily > Blog > Fashion > TechnoSport to invest Rs 100 crore in Odisha factory, signs MoU with state government – Delhi News Daily
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TechnoSport to invest Rs 100 crore in Odisha factory, signs MoU with state government – Delhi News Daily

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Last updated: July 28, 2025 3:50 pm
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Join the community of 2M+ industry professionals.Subscribe to Newsletter to get latest insights & analysis in your inbox.All about ETRetail industry right on your smartphone!

New Delhi: Activewear brand TechnoSport, on Monday, has signed a Memorandum of Understanding (MoU) with the Government of Odisha to set up a Rs 100 crore activewear manufacturing facility in the state. The agreement was formalized during Odisha-Tex 2025 in the presence of Hon’ble Chief Minister Shri Mohan Charan Manjhi.

The project is expected to generate employment for over 1,000 workers and will be housed in a world-class industrial estate equipped with plug-and-play infrastructure.

Currently holding a 10% share in India’s value activewear segment, TechnoSport’s expansion into Odisha is driven by the availability of skilled women workforce and the state’s industry-friendly ecosystem.

“This investment in Odisha is more than a factory, it’s a blueprint for the future of Indian manufacturing. As demand for high-performance, affordable activewear accelerates across India and global markets, we’re building the infrastructure, talent, and ecosystem needed to lead that charge. Odisha offers the perfect confluence of skilled workforce, supportive governance, and scalable industrial vision, and we’re proud to be part of shaping that future,” said Sunil Jhunjhunwala, co-founder and managing director, TechnoSport.

The estate is projected to create over 20,000 direct jobs, enable more than $100 million in exports and generate Rs 7,000 crore in domestic revenue.

  • Published On Jul 28, 2025 at 06:39 PM IST

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