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New textiles policy announced by govt of Gujarat

Thursday, 12 Oct 2017
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The government of Gujarat unveiled the new textiles and apparel policy which offers generous subsidies and incentives to attract investments in the Small and Medium Enterprises (SME) sector.

The govt is planning to set up 16 industrial estates and parks by the Gujarat Industrial Development Corporation (GIDC) in various locations.

Under the new textiles and apparel policy, the government will provide incentives for garment unit owners for generating employment by providing subsidy in wages.

The women workers will get Rs 4,000 as subsidy, while male workers will get Rs 3,500. Other incentives include subsidy in interest, exemption of stamp duty and partial relief in electricity duty.

The new locations selected for setting up new estates by the government are from the areas which have no industrial base.The government intends to create one lakh job opportunities for the youth.

Government of Gujarat
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