Gandhinagar: The Government of Gujarat today announced its new textile policy, in which 10 to 35 percent capital subsidy is provisioned. In contrast to the previous policy, which offered a 5% to 6% interest subsidy, the new policy has provisions for a 5 to 7% subsidy. Additionally, a power subsidy of Re. 1 per unit has been introduced. A total assistance of Rs. 1,107 crore is provisioned for 5592 industrial units.

This policy also includes payroll support of ₹5,000 to ₹3,000 for each female worker and ₹4,000 to ₹2,000 for each male worker monthly.

Additionally, it provides training assistance of ₹5,000 per month for each member for three months.

Previous textile policy was declared in 2019, under which Rs. 35,000 crore investment was made according to the state government. Gujarat contributes 25% to the overall textile industry nationwide. The new policy aims to attract Rs. 30,000 crore further investment. The previous policy was for a 5-year period, and it lapsed at the end of 2023. And before 1019, the government had declared textile policy in 2012. DeshGujarat