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Related Keywords: as choice export and textile hub among investors, Centre to provide subsidy, Gurgaon losing its sheen, hike in minimum wages, increasing real estate costs, plug and play model, processing industy, Textile Minister Santosh Kumar Gangwar announced, textile park will be set up in Haryana, to boost textile industry in the state, value chain

With Gurgaon starting to lose its sheen as the choice export and textile hub among investors due to the backdrop of a 45percent hike in the minimum wages last year and the increasing real estate costs. To boost textile industry in the state, textile minister Santosh Kumar Gangwar announced on Tuesday that a textile park will be set up in Haryana.

The textile park will involve investment to the tune of Rs181 crore of which the Centre will provide a subsidy of Rs 40 crore for the textile park.

Related Keywords: apparel garment manufacturing center, fashion technology, Indian Prime Minister, plug and play model, PM Narendra Modi, union textile ministry

After Prime Minister Narendra Modi made his first announcement in Nagaland that the Centre would set up one modern apparel garment manufacturing center in each of the eight North East states, the union textiles ministry has finalized a policy under which the Central government would bear the cost of providing 300 machines to each such centre. All the NE state governments have been asked to provide 1.5 acres of land each, preferably near the capital city.