India’s Haryana state cabinet yesterday approved a new AatmaNirbhar Textile Policy 2022-25 that aims to attract investment worth Rs 4,000 crore and generate 2 lakh jobs. 

The new policy will supersede the Haryana Textile Policy 2019 and will promote value-added production with suitable policy interventions to harness the potential of the entire textile value chain in the state.

The estimated budget for the policy is Rs 1,500 crore with capping for capital incentive cases, an official release said.

The policy aims at fostering an ecosystem of self-reliance and innovation by offering a robust incentive framework for backward integration, enhanced production of man-made fibres, promoting circular economy, attracting investments in weaving, knitting, processing, ready-made garments, apparel making, technical textiles, integrated units, textile parks and textile clusters.

It will emphasise on value addition, employment generation and productivity enhancement, and is in line with the '5F' vision of Prime Minister Narendra Modi: 'Farm to Fibre to Factory to Fashion to Foreign'.

''It also provides an impetus for diversification of Haryana's textile industry to the 'B', 'C' and 'D' category blocks and on the promotion of the sunrise sector within textile i.e., technical textiles, circular economy, open end spinning etc and support setting up textile parks in the state,'' the statement added.