News Tags

Related Keywords: after agriculture, boost to textile sector, Chief minister Yogi Adityanath, clusters of unit, facilitate private or government land, investors in the textile sector, offering a number of incentive, second largest employment provider, setting up units, textile complexes, textile sector, UP government is working on policy, Uttar Pradesh state

Textile sector is Uttar Pradesh state’s second-largest employment provider after agriculture, to give a boost to its textile sector the UP government is working on policy which will be offering a number of incentive to investors in the textile sector, said Chief Minister Yogi Adityanath.

According to the draft policy, the government will facilitate private or government land to investors for setting up their units. It will also give assistance in setting up textile complexes, clusters for units of small and medium sizes, as well as textile parks.

Related Keywords: attract investment, competitive products, cotton spinning, garment factories, increase manufacturing, silk industry, streamline, textile complexes, textile enterprises, traditionally grows cotton, Turkmenistan textile industry, weaving factories, wool processing

Turkmenistan plans to streamline its textile industry to increase the manufacturing of competitive products and attract investment in this industry as it holds an important place in its economic system, the country’s President Gurbanguly Berdimuhammadov said.

Turkmenistan traditionally grows cotton, which serves as a basis for developing the textile industry. The annual turnover of the textile industry is about $400 million as of 2014.

During the last meeting of the Cabinet of Ministers, the issues related to the development of the textile industry were discussed.