In its first full-year state budget, the new Rajasthan government has announced plans to introduce a garment policy to boost the labor-intensive textile industry in the state.
In her recent budget speech, DiyaKumari, Deputy Chief Minister and Finance Minister, emphasisedon the development of textile-related industries in the state.
Additionally, the minister proposed a policy to promote the one district-one product scheme, to transform Rajasthan into an export hub. The government also plans to introduce new policies for micro, small, and medium enterprises (MSME) and logistics.
Highlighting the need for better infrastructure in state, Kumari revealed the government’s plans to boost power generation in the state and ensure an easy policy for land allocation for solar and other renewable energy sources. The state anticipates a 6 per cent annual increase in energy demand, she added.
Rajasthan’s textile industry is facing headwinds due to slow demand. The state is facing a power crisis, which is making it difficult to streamline production for textile factories. The state government has mandated power cuts from 9 PM to 3 AM, causing mills to cancel the entire night shift, notes VarunAgarwal, a Bhilwara-based textile businessman.
