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Haryana approves Rs 1,500 crore textile policy
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IANS | 01 Dec, 2022
To give further impetus to the growth of the state's textile sector and
provide a comprehensive support framework for the industry to grow, the
Haryana government on Thursday approved the Haryana Aatmanirbhar Textile
Policy 2022-25 with an estimated budget of Rs 1,500 crore with capping
for capital incentive cases.
The policy and related
schemes will come into operation from the date of its notification and
will remain in force for three years from the date of its notification.
A
decision in this regard was taken at a meeting of the Council of
Ministers presided over by Manohar Lal Khattar here. The new policy will
supersede the previous Haryana Textile Policy of 2019 and aims to
promote value-added textile activities with suitable policy
interventions to harness the potential of the entire textile value chain
in the state.
The Haryana Aatmanirbhar Textile Policy 2022-25
aims to attract investment in the textile sector to the tune of Rs 4,000
crore, generate 20,000 jobs and to achieve higher and sustainable
growth in the value chain with emphasis on innovation, backward
integration and adoption of clean and green technologies.
It also
provide an impetus for diversification of Haryana's textile industry to
the 'B', 'C' and 'D' category blocks and on the promotion of the
sunrise sector within textile i.e., technical textiles, circular
economy, open-end spinning, etc., and support setting up textile parks
in the state.
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