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Govt plans to bring back migrant weavers to State
To bring back the weavers who had migrated to other states and established textile industries there, Telangana State government has announced Telangana Textile and Apparel Incentive Scheme to make the weavers to return to the State.
Hyderabad: To bring back the weavers who had migrated to other states and established textile industries there, Telangana State government has announced Telangana Textile and Apparel Incentive Scheme to make the weavers to return to the State.
The incentive scheme would give a big fillip to the enthusiastic investors from Telangana who have already established their units in other states. Under the scheme, government would provide 50 per cent of the capital investment to the weaver group to develop Textile Parks in Telangana state. The weaver groups, who have migrated to other states, would only be eligible for such subsidy support. It is estimated that at least 60 per cent of weavers have migrated to other states.
The capital investment subsidy would be limited to Rs 2.0 crore or 50 per cent of the weaver group contribution to set up the unit, whichever is lower.
Principal Secretary to Industries department Jayesh Ranjan said that the objective of the scheme is to encourage Telangana weavers’ community settled in other states to open their outlets in Telangana.
Apart from promoting migrant weavers, the new incentive scheme would also promote textile industry in a big way by inviting investments from across the world, he said.
Jayesh Ranjan said the government would provide capital assistance, operational assistance, infrastructure support, capacity building and skill development support and `Fibre to Fabric’ incentive to the enthusiastic entrepreneurs. Power tariff subsidy, interest subsidy, stamp duty reimbursement are the other sops to be offered to the investors.
Jayesh said that capital assistance would be applicable for new and existing units into ginning, spinning, weaving, knitting, processing, garment manufacturing, technical textiles and manufacturers of textile machinery. Power tariff subsidy at Rs 1 per unit would be provided for ginning and pressing mills. 100 per cent the stamp duty / transfer duty paid during purchase of land meant for industrial use, lease in of land / shed / buildings would also be reimbursed. The reimbursement The reimbursement would also be applicable for registration of mortgages and hypothecations.
