Tamilnadu has been in the vanguard of industrialization among the Indian States and always been a safe haven for the investors owing to a favourable business climate, excellent infrastructure for trade and investments, peaceful law and order situation, harmonious industrial relations and healthy socio-economic reforms.
Tamilnadu is increasingly becoming the choice of destination for foreign investors, which provides them with a global reach.
NEED FOR NEW INTEGRATED TEXTILE POLICY
The stated objective of the textile policy of 1998 was to increase in production of cloth of acceptable quality at reasonable prices to meet the clothing requirement of growing population. In pursuit of this objective, the generation of employment and export potential of the industry were also kept in view.
The Vision 2023 Tamilnadu document envisages a 14% annual growth in the manufacturing sector and an investment of Rs.15 lakh crore in the next 10 years.
In order to attain the growth targets fixed for the respective economic indicators, the formulation of a new policy for the textile sector has become imperative.
OBJECTIVE
To sustain numero-uno status of Tamilnadu in textile industry in the country; to achieve higher and sustainable growth in the entire textile value chain from fibre to fashion.
To create a modern, vibrant integrated and world class textile sector including
handloom, power loom, spinning, processing etc., to produce cost effective and high quality yarn, textiles, apparels etc., for supplying the requirement of domestic and export sector.
To encourage the industry to give more emphasis on innovation, diversification, value addition etc.
To double the share of textiles exports from the State; to facilitate and promote Technical Textile in the critical areas such as production, technology, research & development.
APPROACH
Providing support for the sustainability and growth of the Handlooms.
Providing attractive incentives to encourage investments to ill critical gaps in the textile value chain.
Providing support to create a world-class infrastructure.
focused area on Technical Textile.
