Haryana Textile Policy to attract investments worth ₹ 4,000 cr

The Haryana Cabinet approved the new AatmaNirbhar Textile Policy 2022-25 on Dec 1. The policy aims to promote and harness the potential of the entire textile value chain in the state.

Under the chairmanship of chief minister Manohar Lal Khattar, the cabinet approved the policy to attract investments worth ₹ 4000 crore and generate over 2 lakh new jobs in the state. Superseding the previous Haryana Textile Policy 2019, it aims to promote self-reliance, innovation and enhancing production of man-made fibres, boosting investments in weaving, knitting, ready-made garments, technical textiles among other traditional practices.

With estimated budget of ₹ 1,500 crore, the policy specifically emphasizes on value addition, employment generation and productivity enhancement. The policy was in line with the “5F” vision of the Prime Minister – ‘Farm to Fiber to Factory to Fashion to Foreign’.

The target of the policy revolves around supporting and encouraging the industry to innovate, develop new designs and enhance value addition. As per issued statement, the policy provides an impetus for diversification of Haryana’s textile industry to the ‘B’, ‘C’ and ‘D’ category blocks and promote sunrise sectors like technical textiles in the critical areas such as defence, automobiles, construction, circular economy, open end spinning etc. along with setting up of new textile parks in the state.