Business & Policy | News & Insights

Chhattisgarh Textile Policy

Published: March 1, 2020
Author: TEXTILE VALUE CHAIN

Objectives-


To promote the manufacturing sector on a priority basis, design “Make in Chhattisgarh” on the lines of the ambitious plan of “Make in India” of the
Government of India.

To bring Chhattisgarh state at par with developed Industrial states of country by 2024 by reaping the benefits of the enabling environment created for inclusive rapid industrialization in the State.

To encourage the domiciles of the state towards entrepreneurship and to provide them with abundant opportunities of livelihood and employment among the industries.

In addition to the established sectors, facilitate industrial development in sectors
which are relatively new to the State and are not yet established.

To create a conducive environment for promotion of exports and attract foreign
investments by encouraging establishment of Special Economic Zones and other
enabling infrastructure in the State.

Chhattisgarh has identified Textile Manufacturing as a ‘Priority Sector’ in State’s Industrial Policy 2014-19. Definition of medium, large and mega projects for Textile sector is as follows. 50% of the total interest paid up to 5 years – maximum limit Rs. 20 lakh per anum.

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