Haryana approves new ‘Haryana aatmanirbhar textile policy’

HARYANA Cabinet has approved new textile policy that aim to promote value-added textile activies with suitable policy intervention 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 capping for capital incentive caes, it said.

The new Aatmanirbhar Textile Policy 2022-25 aims to attract investment worth Rs 4,000 crore and generate 20,0000 new jobs in the state. A decision in this regard was taken in the meeting of the council of ministers held under the chairmanship of chief minister Manohar Lal Khattar, said an official statement. The new textile policy will supersede the previous Haryana Textile Policy 2019 and it aims to promote value-added textile activities with suitable 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 capping for capital incentive cases, it said. The ‘Haryana AatmaNirbhar Textile . Policy 2022-25’ aims at fostering an ecosystem of self-reliance and innovation by offering a robust incentive framework for backward integration, enhanced production of man – made fibres, promoting circular economy, attracting investment in wearing, knitting, processing, ready-made garments, apparel making, technical textiles, integrated units, textile parks, textile clusters. Etc.