India's first privately-owned apparel park has opened in Tirupur.

The Nethaji Apparel Park (NAP) covers 166 acres and will house 53 knitwear units predominantly involved in export manufacturing.

In its first phase, the park is expected to generate 15,000 jobs with leading manufacturers from Tirupur, Delhi and Mumbai setting up units there.

The investment by individual companies participating in the NAP is said to be around Rs 300 crore, which is expected to generate business to the tune of Rs 1,500 crore.