U.p Govt Of­fers New perks For Tex­tile In­vestors

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Ut­tar Pradesh gov­ern­ment is work­ing on of­fer­ing a slew of in­cen­tives to in­vestors in the tex­tile sec­tor, which Chief Min­is­ter Yogi Adityanath says will be the state’s sec­ond-largest em­ploy­ment provider af­ter agri­cul­ture. Ac­cord­ing to the draft pol­icy, it will pro­vide spe­cial in­cen­tives to in­vestors in Bun­delk­hand, east­ern UP and cen­tral UP as well as the west UP ar­eas bar­ring ar­eas un­der the Noida, Greater Noida and Ya­muna Ex­press­way De­vel­op­ment au­thor­i­ties.

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

The gov­ern­ment is likely to an­nounce its list of in­cen­tives in the form a pol­icy for tex­tile, hand­loom and silk in the com­ing weeks. Tex­tile Min­is­ter Satyadev Pachauri said the pol­icy is be­ing fi­nal­ized and state cab­i­net is work­ing to­wards giv­ing a thumbs up to it as soon as pos­si­ble.

Chief min­is­ter of U.P has stressed in most his pub­lic state­ments that the tex­tile sec­tor has much po­ten­tial to cre­ate jobs. “We need to sign Me­moran­dums of Un­der­stand­ing (Mous) with tex­tile mills in the state so that they can train youths. The mills that are not run­ning need to be re-started. This can be done by the gov­ern­ment or through Ppp(pub­lic Pri­vate Part­ner­ship) model,” he said at a state gov­ern­ment pro­gramme on skill de­vel­op­ment.

At the same pro­gramme, he had said his gov­ern­ment had set a tar­get of pro­vid­ing jobs to 70 lakh youths in next five years.

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