Draft Textile Policy for Indian Uttar Pradesh Launched

FICCI, Uttar Pradesh State Council has welcomed the draft textile policy of the Yogi Adityanath government. Chairman L K Jhunjhunwala and Co-Chairman SK Khandelia attended the meeting called by the Chief Minister, to discuss the draft textile policy for the State. Khandelia welcomed the draft Textiles Policy of UP, with claiming in a statement here that this policy will uplift the sector in the State. Prior to the release of the draft policy, FICCI had submitted detailed suggestions to the UP Government for formulation of a vibrant and competitive Textiles Policy.

Commenting on the draft Policy, Khandelia said, “It is heartening to see that many of the suggestions submitted by FICCI like Open access for existing as well as new units, capital subsidy for new and existing units over and above TUFS, interest subsidy over and above Central Government’s subsidy for technology upgradation have been included in the draft Policy. All this would help in attracting investments in the sector in value added segments.”

Chairman LK Jhunjhunwala, said “UP has abundant labour force that currently is largely employed in the industry outside the State. This policy has the potential to provide jobs to millions of natives as it is a labour-intensive sector.”