Nod to textile policy, new units to get incentives

CHANDIGARH: The Haryana Government has approved the Textile Policy 2018 to incentivise setting up of new units and ensure growth and modernisation of the existing textile industry in the state.

editorial@tribune.com

Tribune News Service

Chandigarh, February 27

The Haryana Government has approved the Textile Policy 2018 to incentivise setting up of new units and ensure growth and modernisation of the existing textile industry in the state. The state Cabinet also approved the Haryana Bio-Energy Policy 2018 to attract private investment.

Industries and Commerce Minister Vipul Goel stated this after a Cabinet meeting chaired by Chief Minister Manohar Lal Khattar here today.

Goel said, “The policy is packed with fiscal incentives and contains provisions for infrastructure augmentation, setting up of textile parks, promotion of the Khadi industry and facilities for skill training. It aims at generating 50,000 new jobs by attracting investment to the tune of Rs 5,000 crore in the textile sector”.

He said that the policy has been formulated with an eye on the cotton belt of Haryana. It proposes a capital investment subsidy of 10 per cent subject to a maximum of Rs 20 lakh for the eligible capital investment for individual textile units set up in the textile parks in the ‘A’ & ‘B’ category blocks. For bringing in women entrepreneurship in Haryana, the policy proposes a 15 per cent capital subsidy subject to a maximum of Rs 25 lakh. It aims at boosting textile exports by the Compound Annual Growth Rate (CAGR) of 20 per cent during the policy period, he added.

The minister said that to support the growth of backward regions, the policy proposes support to individual textile units set up within and ‘even outside’ the textile parks in the ‘C’ & ‘D’ category blocks. The policy also proposes capital investment subsidy at the rate of 25 per cent, maximum up to Rs 50 crore on eligible capital investment, especially to promote anchor units.

Meanwhile, the Cabinet also gave its nod to the Haryana Bio-Energy Policy 2018 to attract private investment for harnessing the potential of biomass based power, biogas, bio-CNG, bio-manure, bio-fuels etc and support the research and development of new technologies. Under the policy, agricultural land would be allowed to be used to set up these projects that would not require CLU approval from the Town and Country Planning Department and the Urban Local Bodies Department.

Ministerial panel

The government has decided to constitute an Empowered Ministerial Committee comprising Agriculture  Minister OP Dhankar and Industries Minister Vipul Goel to recast the Haryana Agribusiness and Food Processing Policy.

The Cabinet approved the amendment to the Haryana State Education School Cadre (Group B) Service Rules, 2012. The new rules will be called the Haryana State Education School Cadre (Group B) Service Amendment Rules, 2018. As per the amendment, now the TGT social studies having two years experience of teaching English will also be eligible for promotion to the PGT. Similarly, MA political science or public administration with at least 50 per cent marks and BEd from recognised university will also be eligible for the PGT.

Top Stories

Congress will take decision on CM face for Punjab after discussions with party workers: Rahul Gandhi

Congress will soon announce party's CM face in Punjab: Rahul Gandhi

'Both Sidhu and Channi are of the opinion that two cannot le...

Air India handed over to Tata Group

Tata Group takes over Air India

Group company chairman N Chandrasekaran meets PM Modi ahead ...

1984 anti-Sikh riots: HC asks SIT to respond to plea for action against Congress leader Kamal Nath

1984 anti-Sikh riots: HC asks SIT to respond to plea for action against Congress leader Kamal Nath

The case is related to a mob of rioters storming the Gurdwar...

Apex drug regulator grants conditional market approval to Covaxin and Covishield

Regular market approval granted for Covishield, Covaxin for use in adult population

The approval has been granted under the New Drugs and Clinic...

Chinese Army hands over missing Arunachal boy to Indian Army: Minister

Chinese Army hands over missing Arunachal boy to Indian Army: Minister

The 19-year-old Miram Taron of Jido Village in Upper Siang D...

Cities

View All