The Andhra Pradesh Government has announced plans to introduce a new policy to promote the textile and apparel(T&A) industry in the state.
The government aims to develop the required infrastructure for the development of this industry besides offering incentives and ensuring timely clearances for it, informs S Savitha, Minister of Backward Classes Welfare and Handlooms & Textiles.
The upcoming policy will be an enhanced version of the 2018-23 Textile Policy introduced by the TDP government during its 2014-19 tenure. The earlier policy was subsequently discarded by the YSR Congress Party government, leading to significant challenges for the existing industry and causing potential investors to look to other States for expansion, adds S. Savitha.
The government will provide a comprehensive support to companies interested in establishing their operations in the State, assures S Savitha further asserting, Andhra Pradesh is an ideal destination for investors due to its unique advantages. It ranks second in the country for silk production and is sixth and seventh in the production of cotton and jute, respectively. The State also boasts nine textile and apparel parks, three of which are in the public sector, she adds.
Additionally, Andhra Pradesh is home to 146 mega textile industries and 15 technical textile manufacturing units which attract investors to explore new opportunities in the state. the minister adds.
