Home / Knowledge / News / Textiles / Indian state UP to come out with new textile policy
Indian state UP to come out with new textile policy
03
Aug '17
The Uttar Pradesh (UP) government is working on offering a gamut of incentives to investors in the textile sector and likely to announce those in the form a policy for textile, handloom and silk industries in the near future. According to the state’s textile minister Satyadev Pachauri, the policy is being finalised and the state cabinet will approve it soon.
 
As per the draft textile policy, special incentives will be offered to investors in Bundelkhand, eastern UP and central UP and western UP, barring areas under the Noida, Greater Noida and Yamuna Expressway development authorities, an Indian English-language daily reported.
 
The draft, which states that UP imports two-thirds of textile raw material and textile products, aims to promote all aspects of handloom, textile and sericulture, from the production of raw material to preparation of the final product.
 
UP chief minister Yogi Adityanath, who in his past speeches has stressed the textile sector’s potential to generate employment, feels the sector will be the state’s second-largest job provider after agriculture.
 
The government will facilitate private or government land to investors for setting up their units. It will also offer assistance in setting up textile complexes, clusters for units of small and medium sizes, as well as textile parks, the draft says.
 
Pachauri, a state Legislative Assembly member from Govindnagar in Kanpur, the erstwhile hub of the textile industry in the state, said as the state government does not have the resources to revive the mills and can only provide assistance, participation of the private sector was essential. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search