Home / Knowledge / News / Textiles / Punjab's new industrial policy to boost textile industry
Punjab's new industrial policy to boost textile industry
14
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 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Johan Berlin
InvestKonsult Sweden AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search