India News

Haryana Launches New Policy to Attract Garment Manufacturing
May 04, 2017

Keen on making Haryana a global hub of textile manufacturing and a preferred investment destination, the state government has unveiled the ‘Textile Policy 2017’. The policy seeks to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry. A spokesperson for the state government described the ‘Textile Policy 2017’ as a holistic approach which includes fiscal and financial incentives and contains provisions for infrastructure augmentation, plans for setting up of textile parks, and facilities for skill training. The policy aims at generating 50,000 new jobs by attracting a total investment of Rs 5,000 crore in the textile sector. The spokesperson said that the policy was specially formulated with an eye on the cotton belt of Haryana. Haryana is one of the leading cotton producers in the country with Sirsa, Hisar, Fatehabad, Bhiwani and Jind being the main cotton producing districts. This sector provides sustenance to about one million people and readymade garments worth $ 2 billion are exported from the state every year.