Telangana, newest state of India is almost ready with its new Textile and Apparel Policy (T-TAP), which is expected to come out in January 2016. It is an effort of the state to promote itself as a hub of textile industry. A final meeting will be held by December end and then the draft policy will be forwarded to the Chief Minister K Chandrasekhar Rao for his final approval.
Some of the interesting elements of the policy – to set up textile parks in each of the district where cotton is grown as a major commercial crop, to increase garment units, Warangal as a major textile hub besides textile parks proposed in each of the districts of Karimnagar, Adilabad, Khammam and Medak. The incentives will be provided to the investors who come forward to set up garment cotton-based ancillary industries on par the sops offered for other industrial units under TS-iPass policy announced recently by the Government.
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The official indicates that the policy will also aim to strengthen the procurement of raw cotton and extend the remunerative prices to the farmers besides creating marketing linkages for the products produced by the weavers and handloom societies. Operational for a period of five years from the date of its announcement, the new policy will be a big tool for employment generation in the state.