The estimated budget for the policy is ₹1,500 crore with capping for capital incentive cases, an official release said.
The policy aims at fostering an ecosystem of self-reliance and innovation by offering a robust incentive framework for backward integration, enhanced production of man-made fibres, promoting circular economy, attracting investments in weaving, knitting, processing, ready-made garments, apparel making, technical textiles, integrated units, textile parks and textile clusters.
It will emphasise on value addition, employment generation and productivity enhancement, and is in line with the '5F' vision of Prime Minister Narendra Modi: 'Farm to Fibre to Factory to Fashion to Foreign'.
''It also provides 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,'' the statement added.
Fibre2Fashion News Desk (DS)