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Haryana govt drafts new textile policy
Feb '17
The state government of Haryana has drafted a new textile policy which provides fiscal incentives for setting up of new units and for modernisation of the existing textile industry in the state. The policy aims to make Haryana a global hub of textile manufacturing by attracting investment to the tune of Rs 5,000 crore, and thereby creating 50,000 new jobs.

The draft policy, which has been put by the state government in public domain, contains provisions for infrastructure augmentation, setting up of textile parks and facilities for skill training, an official spokesperson said in Chandigarh.

“The policy has been formulated with an eye on the cotton belt of Haryana. The state is one of the leading cotton producers in the country, with Sirsa, Fatehabad, Bhiwani, Hisar and Jind being the main cotton producing districts,” the spokesperson said.

As per the draft policy, a 10 per cent capital subsidy will be available for the eligible new textile projects across the state. Further, HSIIDC will offer industrial plots for a lease of 33 years with 5 per cent increase in annual lease rent for those enterprises setting up new projects.

The Haryana government will also facilitate setting up of a textile park at Hansi in Hisar district. The park shall house weaving, sizing and garmenting enterprises. The policy also aims to boost textile exports by CAGR of 20 per cent this year.

For giving a boost to the khadi industry, the government plans to facilitate retail space at nominal rates at airports, tourist sports and other places with heavy footfalls.

The government has now asked stakeholders to give their suggestions on the draft policy by the end of this month. (RKS)

Fibre2Fashion News Desk – India

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