The Minister of State for Textiles, Shri E.V.K.S. Elangovan, informed the Lok Sabha, in a written reply to a question by Shri K.S. Rao that the Government has decided to launch Investment Regions for the Textile Sector to consolidate the phenomenon of agglomeration, visible in textiles to further reduce transaction costs and enhance competitiveness.
Concentrated, contiguous investment and production regions with high quality infrastructure and covering the entire value chain can help obviate, to an extent, the burden imposed by multiple levies, high power costs, bottlenecks in shipment and delays in legal clearances.
They can become textile hubs with billions of dollars of investment – both domestic and foreign. The investment region is proposed to be developed in a Public Private partnership mode to enable leveraging Government investments in these regions.
Accordingly, a Concept Paper on the “Policy Resolution for Textile Infrastructure Development Fund and Textile Territorial Investment & Production Complex” has been drawn up. No further details have been worked out.
Press Information Bureau Government of India
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