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Andra Pradesh Govt. approves new Textile Policy
For the first time in the history of the state, the Andhra Pradesh Cabinet approved the new Textile Policy on this Wednesday...more
by Textile Intelligence
View more news from [ Hyderabad ] [ India ]
For the first time in the history of the state, the Andhra Pradesh Cabinet approved the new Textile Policy on this Wednesday. This move aims to provide a major fillip to the cotton growers, weavers and the textile and apparel industry. Mr. Shabbir Ali, the State Information Minister says the policy is primarily aimed at providing sustainable employment to weavers and workers in handloom, power loom, textile and apparel sector. It also aims at making available quality fabric at affordable price to meet the requirements of both domestic and international markets, he told newspersons. According to him, the new textile and apparel promotion policy offers benefits in addition to those being offered by the State Government through the new Industrial Investment and Promotion Policy 2005-2010. According to Mr. Ali, the new textile and apparel promotion policy offers benefits in addition to those being offered by the State Government through the new Industrial Investment and Promotion Policy 2005-2010. In terms of the policy, all the garment units would be allowed a special incentive

of power tariff concession at 25 paise per unit in addition to the power tariff concession of 75 paise per unit already provided under the new Industrial Policy, thus, bringing down the power tariff to the international level. The new textile policy permits all the major textile and apparel units to produce captive power by utilising natural gas by 2008 he added. The Government has decided to offer an incentive of Rs 5,000 per employee to the employer towards cost of training of garmenting, weaving, knitting and processing this is with an objective employment to at least 15-lakhs persons by the year 2010. The policy also states that Government would acquire land on the application of Special Purpose vehicles (SPVs) for setting up of Integrated Textile Parks wherever required. The Government would provide necessary assistance for power, water and other utilities to the Integrated Textile Parks. Aimed at providing smooth movement of containers of machinery, raw materials and finished product, infrastructure in the Textile Parks including connecting links to Highways by four-line roads would be undertaken by the Government, Mr. Ali said. 



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