Four years since its announcement, the Gujarat’s textile policy (India) has managed to draw investment commitment of Rs 9,208 crore for different units like weaving, made-ups, processing, spinning, ginning and technical textiles.
The aim of the Gujarat government is to achieve Rs 20,000 crore in investment and generate 2.5 million jobs by 2017.
So far, 549 textile units have been approved under this policy, the latest of which was a textile and apparel park in Surat. This will be set up over an area of 62 acres and will house 42 manufacturing units. It is expected to create 1,900 jobs. According to the latest reports, 12 such parks have already been given the nod by the Industries Minister Saurabh Patel-led ministerial committee set up by the state government. The committee will also be instrumental in promoting the textile sector in Gujarat.
In the committee’s latest meeting, 43 units have been given approval, including 42 for weaving, made-ups, knitted fabric, processing, embroidery, cotton ginning and twisting, and one unit of technical textiles. These units will come up in Surendranagar, Surat, Botad, Morbi, Rajkot, Valsad and Junagadh districts. These units will get interest subsidy and value-added tax (VAT) concession. The weaving unit will also get power rate subsidy. While made-up units will enjoy interest subsidy of 7 per cent, technical textiles and the other units will enjoy 6 per cent and 5 per cent respectively, the minister said.
In all, 506 units, investing around Rs 8,605 crore, have been given approval in the past nine meetings of the committee
