Haryana state government on Saturday came out with Textile Policy 2017 to incentivise setting up of new units, and ensure growth and modernisation of the existing textile industry as it is keen on marking Haryana a global hub of textile manufacturing and a preferred investment destination.

This sector provides employment to about one million people and readymade garments worth $ 2 billion are exported from the state annually.

A government spokesperson said that the policy was packed with fiscal and financial incentives and contains provisions for infrastructure augmentation, setting up of textile parks, and facilities for skill training. It aimed at generating 50,000 new jobs by attracting investment in the textile sector to the tune of Rs 5,000 crore.

The draft Textile Policy 2017 had been put in public domain in February to invite suggestions from various stakeholders. The suggestions received had been duly factored in before giving the policy final shape.

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. The Textile policy also has been formulated with an eye on the cotton belt of Haryana.