The Government of Haryana (India) is reportedly framing a new textile policy for Panipat and Sirsa, the textile manufacturing hubs. The new policy is expected to be announced by the end of this month.
It is expected that under the new policy, the State Government will continue to provide the Single Window System to the textile industrialists for establishing new factories in the state.
Manohar Lal Khattar, Chief Minister of Haryana assured the textile players that all their demands will be considered while preparing the policy. He, however, stressed that textile entrepreneurs must ensure safety measures at their units.
Lalit Goel, President, Panipat Exporters Association & MD of Riviera Home Furnishing Pvt. Ltd. told Apparel Resources, “We have put all the concerns and suggestions on the table to boost the textile industry in Panipat after a series of meetings with the CM. If the Government supports us in building new factories, it’ll help in creating jobs.”
He also informed that the situation is not very good in Panipat as most of the manufacturers in the region produces in their own houses.
“We have asked the Government to offer land on lease to these manufacturers so that the infrastructure can be improved in order to enhance the production. This will also bring the 15,000 (unorganised) units under GST.”
The industry further expects subsidies on raw materials to make this business more profitable.
Ajay Kumar Aneja from Sharad Exports told Apparel Resources, “We are happy that the Government has shown interest in the textile manufacturing sector. Currently, the market is down as the demand is low.
In such a scenario, we can only hope that the new textile policy will benefit the industry in terms of productivity and exports.”
