Chandigarh, March 25 : In light of the success of the scheme and overwhelming response from entrepreneurs across the State, the Haryana Government has decided to extend the operative period of the Haryana AatmaNirbhar Textile Policy 2022-25 along with its subsequent schemes by one year till December 18, 2026. Additionally, the government has decided to remove the cap on the number of cases under the Capital Investment Subsidy for Textile Units scheme under the Policy.
A decision to this effect was taken in the meeting of the State Cabinet held under the Chairmanship of Chief Minister, Sh Nayab Singh Saini in Chandigarh today.
The “Haryana AatmaNirbhar Textile Policy 2022-25” was notified with a targeted investment of Rs. 4000 crores and targeted employment generation of 20,000 persons for a period of three years. The policy aims to bolster the textile sector by enhancing entrepreneurial competitiveness through the development of modern infrastructure, the adoption of cutting-edge technologies, and the promotion of efficient and sustainable production practices. The Textile Policy is in line with the 5F vision of the Government of India – Farm to Fiber to Factory to Fashion to Foreign.
To provide financial assistance under the Haryana AatmaNirbhar Textile Policy 2022-25, 08 incentive schemes were formulated. These included Capital Investment Subsidy for Textile Units, Interest Subsidy Scheme, Investment Subsidy in lieu of Net SGST, Promoting Green and Sustainable Production Scheme, Skill Training Scheme, Support for obtaining Fire Insurance Policy, Textile Cluster Development Scheme and Textile Park Scheme.
The Haryana AatmaNirbhar Textile Policy 2022-25 has been highly successful among state entrepreneurs and has attracted investments in multiple unique projects across the textile sector. Since the time of notification, till date 354 applications have been received across all the schemes, out of which 108 applications with grant-in-aid amounting to Rs. 367.51 crore have already been approved.
One of the key schemes under the policy, wherein there has been a high influx of application, is ‘Capital Investment Subsidy for Textile Units Scheme’. Under the scheme, textile projects with unique products like Jumbo Bags, Ground Turf, Antibacterial Towels, Acrylic Super Soft Blankets, Pet to Fibre etc. have been approved across various districts in the state. These projects showcase the growth of the textile sector and encompass a wide range of categories, including Technical Textile Units/Import Substitution/Backward Integration, Open End Spinning and Waste to Fibre category and all categories of textile enterprises. Equipped with state-of-the-art machinery, these facilities produce high-quality, innovative textile products designed for specialized applications. Many of these units are export-focused, addressing the rising global demand for advanced textiles. This combination of advanced technology, strategic production, and export orientation has firmly established Haryana as a prominent hub in the textile industry.
As per the Capital Investment Subsidy for Textile Units scheme guidelines, a maximum of 86 cases (84 for Individual Category and 02 for Anchor Units) are eligible for financial incentives during the operative period of the policy. However, till date, a total of 85 projects (84 individual category projects and 1 Anchor project) have already been approved with a grant-in-aid of Rs. 352.56 crores. These approved projects are expected to bring an investment of Rs. 1574.51 crores to the State with an estimated employment generation of 10,000 persons.
The Capital Investment Subsidy for Textile Units Scheme continues to receive an overwhelming response from entrepreneurs across the state, with almost 50 new applications in the pipeline, despite the closure of an online portal for submissions of applications. It is pertinent to mention here that this scheme has effectively attracted investment, prompting investors who were originally considering setting up their units in states like Uttar Pradesh, Punjab to choose Haryana as their preferred location. Additionally, numerous prospective industrialists have expressed a strong interest in establishing textile units across the state, indicating a growing enthusiasm for the sector. Furthermore, several prominent industry associations have submitted representations, urging the consideration of new applications under this scheme, demonstrating the widespread appeal and potential for growth within the state’s textile industry. The removal of the cap on the number of cases eligible for incentives under the Capital Investment Subsidy for Textile Units Scheme will significantly contribute to achieving the key objective of attracting investments worth Rs 4,000 crores and generating employment for 20,000 individuals