The government has decided to give huge incentives to the sector in taxes and power tariffs. The government has also aimed generation of jobs through the new policy.
Gujarat Chief Minister Vijay Rupani on Saturday gave a nod to the final draft of textile policy in the state to attract more investments.
The government has decided to give huge incentives to the sector in taxes and power tariffs. The government has also aimed generation of jobs through the new policy. The earlier policy — announced in 2012 — expired in September this year.
CM Rupani chaired a high-level meeting with senior government officials and representatives of the textile industry to discuss new Textile Policy in Gandhinagar. He said the state government wanted to announce new Textile Policy before the upcoming Vibrant Gujarat Summit.
Addressing the participants in the meeting Rupani said, "Gujarat's textile sector remains leading in global competitiveness and Gujarat becomes a Textile sector hub is the commitment of State Government. All these topics will be kept into consideration in the new Textile Policy."
A senior official in Gujarat government said, "The government will give benefits like set off against the SGST levied from the textile sector and also will waive off power tariff. The government expects near to Rs 1 lakh crore investment and also job creation for ten to twelve lakh people."
"There is a special element in this policy that is about women operated textile units that will get additional benefits. We have also taken care of conventional textiles of Gujarat like Patola, Bandhani and Jharikam in our policy and they will get an extra boost from the policy," added an official.
Energy Minister Saurabh Patel, chief secretary Dr JN Singh, Finance secretary Arvind Agrawal, Principal Secretary to Chief Minister and Principal Secretary for Industries Manoj Kumar Das, Industries Commissioner Mamta Verma and other had attended the meeting to give the final shape to the policy.
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