Andhra Pradesh Textile Policy
Andhra Pradesh, over the years, has established a strong presence in agro and food processing, textiles, chemicals & petrochemicals, pharmaceuticals, metallurgy, electronics and electrical engineering sectors.
Objectives-
Government of Andhra Pradesh (GoAP) aims to promote and develop a robust textile industry that provides sustainable employment to weavers and posits Andhra Pradesh as a destination of choice to global textile majors.
The policy aims to modernize textile manufacturing and improve productivity in order to ensure availability of quality fabric at affordable prices to cater to domestic and international demand.
Policy Targets-
a) Make Andhra Pradesh one of the most preferred destinations for textile
& apparel activities
b) Attract new investments worth ₹ 6000 crore by 2020
c) Create additional employment opportunity for 3 lakh people by 2020
and 5 lakh people by 2025.