Chandigarh: The Haryana The Cabinet on Thursday approved a new Textile Policy AatmaNirbhar 2022-25, aims to attract investment worth Rs 4,000 crore and create 20,000 new jobs in the state. A decision on the matter was taken during a meeting of the council of ministers held under the chairmanship of the prime minister. Manohar Lal Khattar here, said an official statement.
The new textile policy will replace the previous one Haryana Textile Policy 2019 and it aims to promote value-added textile activities with the right policy interventions to harness the potential of the entire textile value chain in the state, it said.
The estimated budget for the policy is Rs 1,500 crore with a cap for capital incentive cases, it said.
The ‘Haryana AatmaNirbhar Textile Policy 2022-2025’ aims to foster an ecosystem of self-reliance and innovation by providing a strong incentive framework for reverse integration, enhancing man-made fiber production, promoting circular economy, attracting investment in textile, knitting, processing, ready-to-wear, skin manufacturing, technical textiles, integrated units, textile zones, textile clusters, etc.
The statement said the policy will pay particular attention to adding value, creating jobs and enhancing productivity, adding that the policy is in line with the prime minister’s “5F” vision – ‘From Farm to yarn, factory to foreign fashion’ .
This policy aims to attract investment in the textile sector to reach Rs 4,000 billion, create 20,000 new jobs in the textile sector across the value chain, achieve higher and sustainable growth throughout the entire value chain. textile value chain with a focus on innovation, reverse integration and it indicates the application of green and clean technologies.
“It also gives impetus to diversify Haryana’s textile industry into ‘B’, ‘C’ and ‘D’ category groups and promote the sunrise sector in the textile industry, such as technical textiles. , circular economy, open end spinning, etc. and support the establishment of textile parks in the state,” the statement said.
It also aims to support the industry, adopt world-class cutting-edge technology in line with social and environmental standards, encourage industry innovation, develop new designs, diversify and enhance added value, while facilitating and promoting emerging industries. as technical textile in important fields such as defense, automobile, construction, etc.
This policy further aims to support the industry with a skilled workforce and create more job opportunities and promote exports of all textiles with particular impetus for products such as apparel, ready-to-wear, technical textiles, etc.
