Keen on making Haryana a global hub of textile manufacturing and a popular investment destination, the State Government has prepared textile policy-2017.
Under the policy, the Government will give incentives for setting up new units and ensure growth and modernisation of the existing textile industry in the state.
"Taking a holistic approach to the issue, the policy is packed with fiscal incentives and contains provisions for infrastructure augmentation, setting up of textile parks, and facilities for skill training. It aims at generating 50,000 new jobs by attracting investment in the textile sector to the tune of Rs 5,000 crore," an official spokesman said.
The policy has been formulated with an eye on the cotton belt of Haryana, he said here.
"The state is one of the leading cotton producers in the country with Sirsa, Fatehabad, Bhiwani, Hisar and Jind being the main cotton producing districts.
"This sector provides employment to about one million people and readymade garments worth USD two billion are exported from the state annually," he said.
The policy proposes capital subsidy of 10 per cent for the eligible new projects of all textile enterprises across the state.