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Telangana govt formulating textile policy in line with the national policy

YarnsandFibers News Bureau 2015-03-04 15:00:00 – Telangana

The Telangana government is formulating a new textile policy which will include incentives that match with those given by states like Maharashtra, Gujarat and Tamil Nadu to attract new industries. The new policy will be in line with the national policy.

The state government has decided to set up a mega textile park in Warangal, the largest cotton growing districts in the state and has sought clearances from the Centre for the conversion of forest land for it.

Jayesh Ranjan, managing director of Telangana State Industrial Infrastructure Corporation is also part of the five-member special task force, set up to study the opportunities in the textile industry said that there is about 1,900 acres of forest land. They are preparing proposals to seek approvals for the use of the same. There are two smaller land parcels that are not part of the forest land and they will look to use these for initiating works.

Ranjan further said that most companies have stressed the need for incentives better than other states to consider Telangana for setting up textile-related units.

The investment potential of the textile park will be arrived at in the project report, to be prepared shortly.

A meeting has also been organized on March 7 to seek the industry’s feedback on the integrated mega textile park.

The committee, headed by deputy chief minister Kadiam Srihari, has A Ramesh and C Dharma Reddy, both legislators, and adviser to the state government BV Papa Rao as members has been formed to study the incentives offered and support system provided, master weavers and their role, products from the various companies, machinery used, global market scenario and demand supply aspects for which the panel visited Surat, Bhivendi, Tirpur and Coimbatore.

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