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Related Keywords: interest subsidies, investment, mega project, new industrial policy, one million bales, state government, Telangana spinning and textile industry, Telangana textile industry, telangana textile mills association

Telangana spinning and textile industry consumes only about one million bales of a total production of five million bales in the State, hence the industry needs encouragement from the Government. For which the Telangana Textile Mills Assoication has urged the State Government to a host of incentives including investment and interest subsidies in the proposed new industrial policy.

Related Keywords: bedsheets, chief minister Bhupinder Singh Hooda, chinese import, curtains, cushion cover, new tax, Panipat textile indusry, rollback VAT, state government, teri towels, VAT

The textile industry of Panipat strongly opposing the VAT of 13.25 percent levied on products like bedsheets, cushion covers, teri towels, curtains and other items stating that it would collide the local textile industry which is currently facing tough competition from the Chinese imports.

Roshan Lal Gupta, vice-president of Haryana Veopar Mandal, said that the entrepreneurs had already made an appeal to the state government to take back the new levy as the VAT would ruin local textile industry.