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Related Keywords: apparel park coming up in Surat, approval for interest subsidy and value-added tax power rate subsidy, attract twenty thousand crore investment, by next year, generate jobs, ginning and technical textiles, Gujarat textile policy, house forty two manufacturing units, Made ups, new jobs, processing, spinning, textile units got approval in weaving

Gujarat's textile policy 2012 plan to attract around Rs 20,000 crore investment and 2.5 million new jobs by 2017, so far under the policy, 549 textile units have got approval and attracted investment worth Rs 9,208 crore through varied units such as weaving, made-ups, processing, spinning, ginning and technical textiles.

The latest nod is for a textile and apparel park coming up on 62 acres in Surat and will house 42 manufacturing units and generate 1,900 jobs. So far, 12 such parks have received in-principle nod.

Related Keywords: global market, Gujarat textile policy, Sintex Industry, spindle, spinning business, spinning sector, Textile

Gujarat’s textile policy has made the spinning sector attractive moreover after observing positive trend in the global market for India, Sintex Industries to get into spinning business also . Sintex is setting up a spinning unit with 0.3 million spindles at a cost of Rs 1,800 crore in Gujarat and later plans to increase it up to 1 million spindles with a total capex of over Rs 5,000 crore over the next five years.

Related Keywords: Gujarat textile policy, South Indian yarn makers, spinning units

The Gujarat Chamber of Commerce and Industry (GCCI) offering helping hand to the South India based yarn makers to explore affordable land to build a yarn cluster in Gujarat and also assist them to build shift to the power abundant state of Gujarat, as the Tamil Nadu and Andhra Pradesh based yarn makers are facing frequent power cuts, eating into the businesses.