The Telangana Government is in the process of formulating a textiles and apparel policy that contemplates waiver of personal loans of individual handloom weavers.
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The Haryana Government’s recently announced textile policy, which aims for integrated development of the textile industry, is expected to make the State competitive for investments in the sector, rating agency ICRA said.
Keen on making Haryana a global hub of textile manufacturing and a preferred investment destination, the State Government came out with Textile Policy 2017 to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry.
The new textiles policy will focus on a three-pronged approach to boost the growth of Indian handicraft sector, which is facing tough competition from international players.
Keen on making Haryana a global hub of textile manufacturing and a preferred investment destination, the State Government has drafted a new textile policy to incentivise setting up of new units and ensuring growth and modernisation of the existing textile industry.
The Government hinted at lowering excise duty on man-made fibre (MMF) in the new Textile Policy in order to boost investment to meet growing demand from the synthetic textiles industry.
The Government hinted at lowering excise duty on man-made fibre (MMF) in the new Textile Policy in order to boost investment to meet growing demand from the synthetic textiles industry.