In a recent meeting with the state government officials, several representatives of the Southern Gujarat Chamber of Commerce and Industry (SGCCI), urged for a swift introduction of a new textile policy for the state.

Ashish Gujarati, Former President, SGCCI, and industry expert Ajoy Bhattacharya, emphasised on the need for proactive measures to maintain Gujarat's textile edge. They called for continued support through subsidies and incentives, including a 30 per cent capital subsidy, 7 per cent interest subsidy, and power subsidies.

A key concern was the lapse of the previous textile policy on December 31, 2023. Stakeholders requested a new policy with no gap, ideally starting from January 1, 2024.Surat, a major Man Made Fiber (MMF) hub, advocated for the inclusion of MMF development incentives in the new policy.

With Lok Sabha elections approaching, stakeholders urged a swift announcement of the new textile policy. Government officials reassured the industry of their commitment to a timely policy that recognises textiles' importance to Gujarat's economy.