The government is expecting Rs 30,000 crore investment in 74 textile parks and is planning to announce a new textile policy by April this year.
“This is a good time for textile. We are planning to launch the new textile policy by April. We are mainly focusing on manufacturing of value-added products and export-oriented goods that will benefit the economy,” Minister of State for Textile Santosh Gangwar told reporters at ‘Make in India’ Week here today. “Our government has given approval to 24 Textile Parks in the last one year, the rest were cleared by the previous government. So in total we are setting up 74 textile parks, which will attract an investment of Rs 30,000 crore,” he said. He further said the government will not sell the National Textile Corporation (NTC) lands located in various cities.