(MENAFN- KNN India)
Haryana cabinet approves Rs 1,500 cr Aatmanirbhar Textile Policy
Chandigarh, Dec 2 (KNN) The Haryana cabinet under the chairmanship of chief minister Manohar Lal Khattar on Thursday approved the new AatmaNirbhar Textile Policy 2022-25.
As per the official statement, the Haryana government aims to attract investment worth Rs 4,000 crore and generate 20, 0000 new jobs in the state. The budget for the new textile policy is Rs 1,500 crore with capping for capital incentive cases.
The 'Haryana AatmaNirbhar Textile Policy 2022-25' will aim to foster an ecosystem of self-reliance and innovation by offering a robust incentive framework for backward integration, enhanced production of man-made fibres, promoting circular economy, attracting investments in weaving, knitting, processing, ready-made garments, apparel making, technical textiles, integrated units, textile parks, textile clusters, etc.
It will have a special emphasis on value addition, employment generation and productivity enhancement, the statement said, adding that the policy was in line with the“5F” vision of the prime minister - 'Farm to Fiber to Factory to Fashion to Foreign'.
It will also provide an impetus for diversification of Haryana's textile industry to the 'B', 'C' and 'D' category blocks and on the promotion of the sunrise sector within textile i.e., technical textiles, circular economy, open end spinning etc. and support setting up textile parks in the state.
It also targets to support the industry, adopt world-class state-of-the-art technology in conformity with the environment and social standards, encourage the industry to innovate, develop new designs, diversify and enhance value addition and facilitate and promote sunrise sectors like technical textiles in the critical areas such as defence, automobiles, construction, etc.
The policy will further aim to support the industry with a skilled workforce and create additional employment opportunities and promote the export of all types of textiles with a special thrust on products such as garments, made-ups, technical textiles etc.