Gujarat textile policy sees Rs 9,200-cr investment – Feedback

Gujarat’s textile policy, announced in 2012, has so far attracted investment commitment worth Rs 9,208 crore through varied units such as weaving, made-ups, processing, spinning, ginning and technical textiles. The plan is to attract Rs 20,000 crore investment and 2.5 million new jobs by 2017.

Under the policy, 549 textile units have got approval. The latest nod is for a textile and apparel park coming up in Surat. This park will come up on 62 acres, house 42 manufacturing units and generate 1,900 jobs. So far, 12 such parks have received in-principle nod. Led by Gujarat’s minister of industries Saurabh Patel, the state government has set up a ministerial committee to look into the approvals and promotion of the textile sector in the state by incentivising the same.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *