Tamil Nadu government to release textile policy soon
The Hindu
Tamil Nadu government to release enriched textile policy, offering incentives for entrepreneurs and modernization in the textile industry.
Tamil Nadu government will release an “enriched textile policy” in a week to 10 days, Minister for Handlooms and Textiles R. Gandhi told the media in Coimbatore city on Tuesday.
Inaugurating a five-day Entrepreneurship Development programme for entrepreneurs in technical textiles, he said the government had received 100 applications for mini textile parks and approved 17 so far. Of these, 10 were in Karur. The State government removed the market cess for cotton in 2021 and relaxed the norms for mini textile parks to attract investments. For the entrepreneurship training, the Central government gave ₹10,000 for each candidate and the State government gave ₹5,000 each.
Further, the government will release ₹10 crore this year as interest subsidy for the spinning mills to modernise. There will also be benefits for powerloom units in measures to be announced soon, he said.
Senthil Balaji, Minister for Electricity, added that the State government had increased the free electricity units for handloom and power loom units.
A. Sakthivel, the honorary chairman of Tiruppur Exporters Association, said cotton garment production has reached a saturation and the global market size for technical textiles was $ 500 billion. The Central and State governments were offering entrepreneurship development programme to encourage more people to get into technical textiles.
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Tamil Nadu government to release enriched textile policy, offering incentives for entrepreneurs and modernization in the textile industry.
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