Punjab Small Industries and Export Corporation Ltd and Apparel Exporters Association of Ludhiana are setting up a joint venture apparel park in Doraha, Ludhiana, next year.

The 100 per cent export oriented apparel park is aimed at strengthening the local industry, and is predicted to make more than 25,000 new jobs as well as contributing an extra $500 million to India's exports.

Ludhiana, which has almost 10,000 units, is already the biggest producer of fabrics, thread and yarn in India.

The park, which its owners hope will eventually cover an area of 100 acres, has so far acquired 82 acres in total.

115 businesses have so far shown interest in the park, which is expected to be fully operational within approximately two years' time.