Home / Knowledge / News / Textiles / India's Gujarat govt notifies Textile Policy 2012
India's Gujarat govt notifies Textile Policy 2012
Oct '13
More than a year after the announcement of the Textile Industry Promotion Policy 2012, the government of the western Indian state of Gujarat has notified the same, enabling textile units to receive government assistance under the policy.
The objective of the policy is to have an integrated approach to strengthen the value chain - “Farm to Fibre to Fabric to Fashion to Foreign” (5 Fs), which will enhance sustainable growth of farmers and industry.
Over the next five years, the new policy aims to attract Rs. 200 billion investment in the state’s textile sector, resulting in creation of employment opportunities for 2.5 million people, with half of them being rural women.
The new policy provides interest subsidy of 5 percent without an upper cap on the amount, for the period of five years on new plant and machinery for ginning and processing sectors.
It also provides 7 percent interest subsidy on new plant and machinery for cotton spinning and for second-hand imported cotton spinning machinery with certain conditions for five years.
Moreover, a Rs. 1 per unit power tariff concession would be provided on new investment for cotton spinning for five years, and value-added tax (VAT) paid by the unit on the purchase of raw material would be refunded.
The new textile policy, which aims to promote ginning, processing, yarn production, spinning, fabric manufacturing and readymade garment making, will help the farmers get better value for their cotton, the state’s Finance Minister Nitin Patel said.
During the last decade, cotton production in Gujarat has increased from 2.3 million bales of 170 kg each to 12.3 million bales, as farmers switched to production of Bt cotton.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search