Presiding over a review meeting at the Secretariat on Nov 26, 2024, N. Chandrababu Naidu, Chief Minister, said, in order to be more successful and attract investments worth $1.18 billion, the new textile policy needs to focus on providing more job opportunities at the local level, especially for women.
According to Naidu, the policy seeks to generate 2 lakh job opportunities by providing incentives. It aims to offer additional incentives and capital subsidies for women, minorities, BC, SC, and ST by focusing on the weaving, processing, clothing, and integrated units.
Spearheaded by the state’s Textiles Minister, S Savitha, the initiative focuses on creating a conducive environment for investment by improving infrastructure, providing timely incentives, and facilitating clearances. The policy also emphasises on expanding opportunities in sub-sectors such as agro textiles, geo textiles, and mobile textiles.
