Gujarat has become the best destination for investments: CM Patel


Gujarat has become the best destination for investments due to pro-industry policies implemented by the state government, Chief Minister Bhupenmdra Patel said on Wednesday.

He said the state government has provided several incentives for “improving technology, developing skills and promoting textile parks in its textile policy.”

He was speaking at an event on “Weaving Growth for Textiles”, organized as part of the Vibrant Gujarat Global Summit (VGGS) 2022.

“Gujarat has an enabling environment for all industries, including textiles. The state has made a significant contribution to the textile industry through Prime Minister Narendra Modi’s 5-F formula, i.e. from farm to fiber, from fiber to fabric, from fabric to fabric. fashion, fashion abroad. ,” he said.

He further added that with the help of new technologies, models and skills improvement, the state’s textile industry is developing rapidly, Surat’s contribution being very important.

“Gujarat produces 37 percent of the country’s total yarn and is known as the country’s textile capital. This industry accounts for 13 percent of India’s total exports. Gujarat has also added a textile course to its 25 ITIs, with arrangements made not only for large industries, but also for the development of small and medium industries, ”he said.

On this occasion, Union Minister of State for Textiles Dharshana Jardosh said that, under the leadership of Prime Minister Modi, the Center has implemented a number of textile sector development programs to achieve of the country a world leader.

The prime minister announced the construction of seven textile parks in India at a cost of 4,500 crore rupees, she said.

The PLI program will bring enormous benefit to the ready-to-wear, synthetic and technical fibers sectors, she added.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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