Home / Knowledge / News / Textiles / Punjab's new industrial policy to boost textile industry
Punjab's new industrial policy to boost textile industry
Mar '13
The government of the north-western Indian state of Punjab will be implementing a ‘New Industrial Promotion Policy’ from April 1, 2013, which would greatly boost the textile industry in the state.
Speaking at the North India Textile Conclave 2013, organised by Confederation of Indian Textile Industry (CITI) in Chandigarh, Punjab Deputy Chief Minister Sukhbir Singh Badal, who is also the Minister for Investment Promotion, said the state is now ready to unveil a revolutionary industrial investment promotion policy.
He said the policy has been framed on the basis of suggestions received from a core team of industrial experts as well as the Governance Reforms Commission.
Portraying the textile industry as major catalyst of growth, the Minister said the sector ensures dissemination of wealth among all sections of the society, while generating large scale employment, particularly for women.
Mr. Badal said the new policy would dynamically try to pull investment in all the sectors of the economy, but the promotion of textile industry tops their agenda.
Inviting textile entrepreneurs to set up their units in the state, he promised them a conducive environment for industrial growth, industrial amity and top class infrastructure.
Further, portraying Punjab as country’s best investment destination, he said by December this year the state would become the country’s first power surplus state and would even sell electricity to other states.
In addition to all-round growth, the new policy would also lay emphasis on exploiting the inherent potential of the state, and would present an outline for industrial revolution in the state over the next 25 years, he added.
During a question-answer round, the Minister promised the cotton farmers that the government is under a statutory obligation to provide them with good quality seeds, insecticides, manure, weedicides, pesticides and complete technological support. 
He said that he would urge the Vice Chancellor Punjab Agriculture University to initiate a research for developing a disease-resistant cotton variety, so as to double the crop output.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: Adidas

Apparel/Garments | On 28th Apr 2017

Adidas, Siemens initiate joint research programme

Adidas and Siemens are initiating a joint research programme for...

Interviews View All

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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