A budget of Rs 1,200 crores has been allocated by Telangana for the textile sector for the year 2017-18. Close to Rs 373 crores will be used for the handloom sector, while Rs 827 crores have been allocated for power looms and their modernisation.

The state has generated about Rs 73,000 crores in investments and created 2.56 lakh jobs. Some industrial parks will also be established in Telangana. Housing for workers and staff is proposed within the textile parks.

Telangana has achieved a year on year growth of 10.1 per cent in gross state domestic product as compared to the national average of 7.1 per cent in financial year ’17. The state has also been ranked first for ease of doing business reforms for 2015-16 by the World Bank.

Telangana is in the process of formulating a textile and apparel policy that contemplates waiver of personal loans of handloom weavers. Fresh loans are proposed to be given at three per cent interest. Subsidies will be given for capital investment and purchase of equipment by entrepreneurs. Tax incentives and power subsidies are being examined.