;
Home / Knowledge / News / Textiles / Gujarat hopes extended textile policy to attract Rs 5000 cr
Gujarat hopes extended textile policy to attract Rs 5000 cr
26
Sep '17
The Gujarat government feels that its recent decision to extend its textile policy by a year will attract Rs 5,000 crore of more investment in related sectors. The policy has attracted around Rs 20,000 crore of investment and created 2.5 million jobs, half of which was for rural women, since it was implemented in 2013, the government claims.

Apart from setting up of units in other segments, such as technical textiles, silk, jute and wool, the extension is expected to add 300 ginning units to the existing 1,400 and double the spinning capacity to four million a year, according to a report in leading business daily.

Units are shifting from Tamil Nadu, Telangana and Maharashtra and the extension would see a further boost in fresh investment, according to Siddhartha Rajagopal, executive director, Cotton Textiles Export Promotion Council. Gujarat has been the largest producer (33 per cent) and exporter (60 per cent) of cotton in the country. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

ILO, Sweden to promote decent work in Asian garment sector

Apparel/Garments | On 19th Dec 2018

ILO, Sweden to promote decent work in Asian garment sector

The Swedish International Development Cooperation Agency (SIDA)...

Courtesy: Ikea

Apparel/Garments | On 19th Dec 2018

Ikea to generate 10,000 jobs in Maharashtra over 3 yrs

Swedish furniture company Ikea is planning to hire 10,000, both...

ADB retains India's growth forecast at 7.3% for 2018-19

Textiles | On 19th Dec 2018

ADB retains India's growth forecast at 7.3% for 2018-19

The Asian Development Bank (ADB) has retained its India gross...

Interviews View All

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives, Association

Top executives
Association

'Support and Outreach' huge relief for MSMEs

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search