Home / Knowledge / News / Textiles / Rajasthan expects Rs 100bn investment in textiles by 2020
Rajasthan expects Rs 100bn investment in textiles by 2020
05
Oct '13
The textile industry in western Indian state of Rajasthan is expecting about Rs. 100 billion new investments over the next seven years, due to the state government’s recent announcement of ‘Special Customized Package for Textiles Sector Enterprises – 2013’, state Industries Minister Rajendra Pareek said at the ongoing VASTRA 2013 fair in Jaipur.
 
The new policy of the state government, valid till 2020, is applicable to new enterprises as well as to the existing firms making investment in modernization and expansion of their units, the Minister said.
 
The new policy provides interest subsidy for setting up new industries and reimbursement of 60 percent of value added tax (VAT) paid to the state government.
 
Speaking to reporters on the sidelines of the fair, KL Jain, secretary general of Rajasthan Chamber of Commerce and Industry, said the demand for textiles from Rajasthan is growing in Latin America, Australia and Africa.
 
Around 161,000 people are employed in Rajasthan textile industry, including mills and the powerloom sector.
 
The four-day fair, organized by Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO) and the Federation of Indian Chambers of Commerce and Industry (FICCI), aimed at showcasing the best and latest in textiles from technology to products. 
 
The fair is designed to serve as a platform for launching new products, exploring avenues for new business relations, joint ventures, strategic alliances and partnerships with worldwide textile firms which are looking for setting up businesses in India.
 
In this year’s edition, scheduled to end on October 6, over 200 exhibitors have displayed their products, which include garments, home textiles, carpets, made-ups, etc.
 
In addition to participation from traditional export markets like the US and Europe, there is also an increased participation from Australia, Africa, China and Latin America, at the fair. 
 

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

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...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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