New Delhi, Nov 26 (KNN) In order to attract more investments in the textile sector of the state, Gujarat Chief Minister Vijay Rupani has given his nod to the final draft of textile policy in the state.

The Gujarat government’s last textile policy was unveiled in 2012 and it expired last year.

For the last one year, delegates from textile industry had been meeting and making representations to the state government to frame a new textile policy.

According to the new policy, huge incentives in taxes and power tariffs will be given to the sector by the government.

Through the new policy, the government has also aimed at generation of more jobs in the state.

In this regard, a high-level meeting of senior government officials and representatives of the textile industry was chaired by chief minister Rupani in Gandhinagar.

State government wanted to announce new textile policy before the upcoming vibrant Gujarat summit, Rupani said.

During the meeting, Rupani said, "Gujarat's textile sector remains to lead in global competitiveness and Gujarat will become a textile sector hub. This is the commitment of state government.”

“All these topics will be kept into consideration in the new textile policy," he mentioned.

"The government will give benefits like set off against the SGST levied from the textile sector and also will waive off power tariff,” Rupani said.

He added, “The government expects near to Rs 1 lakh crore investment and also job creation for ten to twelve lakh people."

"There is a special element in this policy that is about women operated textile units that will get additional benefits,” he said.

“We have also taken care of conventional textiles of Gujarat like Patola, Bandhani and Jharikam in our policy and they will get an extra boost from the policy," he added.

Energy Minister Saurabh Patel, Chief Secretary Dr JN Singh, Finance Secretary Arvind Agrawal, Principal Secretary to Chief Minister and Principal Secretary for Industries Manoj Kumar Das, Industries Commissioner Mamta Verma and other had attended the meeting to give the final shape to the policy.