Textile & Fashion

Cabinet Clears the Textile Policy 2018 to Set Up New Units in the State Of Haryana

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With the aim of making Haryana a universal hub for textile manufacturing besides a reliable investment destination, the government of Haryana on Tuesday approved a brand new textile policy this year. This will include setting up of some new units and ensuring growth followed by modernization of the prevailing textile industry within the state.

Vipul Goyal, Industries & Commerce Minister post the state cabinet meeting help under the Manohar Lal Khattar’s chairmanship on Tuesday said  “The policy is packed with fiscal incentives and contains provisions for infrastructure augmentation, setting up of textile parks, promotion of Khadi industry and facilities for skill training. It aims at generating 50,000 new jobs by attracting investment in the textile sector to the tune of Rs 5,000 crore.”

He also added that the policy has been skillfully formulated with due concern on Haryana’s cotton belt. This state is looked upon as a leading cotton production centre in the country with Bhiwani, Fatehabad, Jind, Sirsa and Hisar being the major districts producing cotton. This is followed by the sector offering employment to more than 1 million people and exporting readymade garments amounting to $3million annually.

Recently the cabinet has cleared Rs 455.43 crore additional charges for different government departments with the aim of setting up some new units in the state of Haryana. 

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