Home / Knowledge / News / Textiles / Gujarat to be investor's paradise with new textile policy
Gujarat to be investor's paradise with new textile policy
28
Mar '09
The Government of Gujarat has recently introduced the industrial policy of 2009. From amongst the many sectoral policies introduced by the state, the textile policy has received very close attention from the state government.

Gujarat has always been in the forefront of industrial development in the state. In recently revealed figures, Gujarat has come out toppers across all states of India with a growth rate of 13 percent against a national growth of 9 percent in 2007-08.

Vibrant Gujarat 2009, which brought together business leaders, investors, corporations, thought leaders, policy and opinion makers on one platform concluded with 8,500 MOU's being signed for a mid boggling investment of US $241 billion.

The textile industry in Gujarat has its unique position as a self-reliant industry and is omnipresent across the whole value chain, from the production of raw materials to fabric and garment and is a major contributor to the economic growth of Gujarat.

Gujarat is a leading textile state in the country. The state contributes over 33 percent of mill-made fabric and 25 percent of power-loom fabric in the country and also accounts for about 21 percent of total employment in the industrial sector of the state.

Considering the huge potential in this sector, both in terms of investment and employment generation, Government of Gujarat intends to promote entire textile value chain from farm to fibre to fabric to fashion and foreign trade.

Keeping in this mind, under the new industrial policy for 2009, the state has come out with very favourable policy for investors to invest in the textile and garment industry in Gujarat, which also has the lowest labour strife's in the country.

Click here to read the complete textile policy 2009.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eamonn Tighe
Nature Works LLC

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

Eric Scholler
Groz-Beckert

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...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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