The Gujarat government has issued new guidelines for industrial incentives under the Gujarat Textile Policy 2024, extending benefits to textile units located in GIDC-notified areas within cities. This decision follows a request from the Southern Gujarat Chamber of Commerce and Industry (SGCCI).
The guidelines were announced by Balvantsinh Rajput, Industries Minister at the Valsad district collector's office. They include textile units in GIDC-notified urban areas now being eligible for government incentive schemes as per Ashok Jirawala, Vice President, SGCCI. The guidelines also include composite units that handle the entire process from spinning to fabric production, a move expected to significantly boost the state's textile industry.
The policy will also recognize groups of at least 20 women as a Self-Help Group (SHG) for self-employment initiatives. Each member will be eligible for a monthly benefit of up to Rs 5,000.
Nikhil Madrasi, President, SGCCI noted, the policy aims to boost investment in the textile sector, promote women's empowerment, and create new job opportunities in both rural and urban areas.
