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Interest, power sops for textile units: Gujarat government

In a bid to strengthen the textile value chain, the state government on Thursday announced a scheme to provide interest and power tariff subsidy, and other incentives for specific sectors in the textile industry.The Scheme for Assistance to Strengthen Specific Sectors in the Textile Value Chain would apply to new as well as the expansion of existing units, a government resolution dated January 10 said. 0Weaving, knitting, dyeing, printing, machine carpeting, technical textile, made-ups, crimping, twisting, texturising, sizing, and winding are among the activities that would be eligible for benefits under the scheme, while ginning, spinning, garment and apparel, and units located in SEZs would be ineligible.The scheme provides interest subsi.....

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