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Gujarat government to amend textile policy soon.

15 Apr

After launching one of the most competitive textile policies in the country, the Gujarat government is now set to amend the Gujarat Textile Policy 2012 soon.  Apparently, industry representatives had sought further benefits under the policy.

Image “Gujarat’s strength is cotton but we have to boost the spinning industry. Earlier in September 2012, the Gujarat Chief Minister Narendra Modi had unveiled the Gujarat Textile Policy 2012, the policy looks to attract investment of over Rs 20,000 crore as well as creating new employment opportunities for over 2.5 million people in next five years. “The objective of the new policy is in keeping the interest of the cotton growing farmers, better price realization in national and international markets, and value addition in the entire chain.

Meanwhile, out of the 12 textile parks proposed in Gujarat, two have already set up even as the state government looks to add seven more within the current fiscal of 2013-14.

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