Textile and Apparel Policy 2015-2020
Key Highlights
- India’s 2nd largest producer of cotton and raw silk
- Strong skill base – legacy of handlooms and handicrafts
- Well-developed spinning and processing sector
- Unique integrated apparel city in Visakhapatnam,with an innovative ‘Fibre to Store’
concept
- Strong presence of textile-based industries in Guntur, Chittoor, Kadapa, and Kurnool
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Textiles & Apparel Policy
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Key Policy Targets 2020
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Key Initiatives
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- Government to provide land for establishing Textile & Apparel Parks (as per the
industrial development policy)
- Assistance to Apparel Training Institutions and trainees
- Focus on textile-based industries such as Ginning & Pressing, Cotton Spinning, Weaving,
Dyeing & Processing, Knitting, Garment/Made-ups, Machine Carpeting, Machine Embroidery,
and any other activities/processes like crimping, texturising, twisting, winding,
sizing, etc. within the textile value chain
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major clusters / parks
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- Brandix India Apparel City (BIAC) - A unique, integrated apparel supply chain
city spread over 1,000 acres in the port city of Visakhapatnam
- Integrated Textile Park (ITP) coming up at Edlapadu on Guntur-Chennai National
Highway is expected to give fillip to textile industry
- Chennai-Bengaluru Industrial Corridor (CBIC) will foster new economic centres
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Key Fiscal Incentives
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Incentives
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Description
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INTEREST SUBSIDY
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To be capped at 12.5% per annum, after taking into account assistance from all sources
(centrally sponsored TUF scheme, industrial policy of the State, etc.)
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VAT/CST/SGST CONCESSION
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Refund for VAT/CST/SGST paid by the unit on purchases of intermediate product/raw
material; VAT/CST/SGST reimbursement is available for tax collected on end product/intermediate
product, upto 100% of eligible fixed capital investment in plant and machinery
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POWER TARIFF SUBSIDY
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₹1/unit for Spinning and Modern Ginning and ₹1.50/unit for others (including technical
textiles) for 5 years
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STAMP DUTY
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100% reimbursement on land lease for setting up Textile and Apparel Parks
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SETTING UP COMMON INFRASTRUCTURE
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Upto 50% of expenditure incurred for setting up common infrastructure in Textile
and Apparel Parks, upto maximum of ₹15 crore/₹30 crore for Composite Park
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INVESTMENT IN TECHNOLOGY
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Upto 50% financial assistance for investment in technology, limited to ₹25 lakh
per process/product
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CAPITAL SUBSIDY
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Upto ₹10 crore for standalone garmenting and apparel units
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Existing Partners
Upcoming projects