Telangana government today said to woo investors to the mega textile park in the state, it has signed up for the International Trade Fair for Technical Textiles and Nonwovens - Techtextil India 2017.
The Telangana government will promote textile policies and highlight investment prospects at this trade fair to attract companies and investors to the state, a release issued here said.
"We aim to strengthen the textile and apparel industries in the state. With this in mind, we have recently launched an aggressive set of incentives, which are easily the best support offered by any state. Technical textile is the sunrise sector within this industry with huge opportunities of growth considering its application and demand in various segments," Telangana Handloom and Textiles Minister K T Rama Rao said.
Also Read
In order to boost this sector, the state offers additional incentives in areas such as capital support, power tariff and land price rebate over and above what is being offered to conventional textiles, he added.
The state is also developing Kakatiya Integrated Mega Textile Park in Warangal over an area of 1,200 acres with full complement of high quality trunk infrastructure.
Disclaimer: No Business Standard Journalist was involved in creation of this content
