It has been felt that to ensure the conversion of the whole yarn produced in the state on substances and preventing the value migration, a focused approach is needed. | Photo Credit: File Photos
Vijayawada
On Thursday, the government issued an operational instructions for implementing AP policy, Apparel and Garmnts Policy (4.0) 2024-29, which aims to attract investments in the production of textiles and the production of clothing with special emphasis on adding value, employment and environmental protection.
Mrs. No. 55 stated that more than 848 units started production with a total investment of over 13,617 Crore and generated employment for 1,05,225 people between 2014 and 2024, since then there has been limited progress with added textile activities such as weaving, preparation, processing, technical textiles and integrated units.
These segments have significant potential not only for adding value, but also for generating painting. It has been felt that to ensure the conversion of the whole yarn created in the state on substances and preventing the value of value, the concentrated approach is required and required a political framework that supports key components of the textile value chain. In view of this, the government came up with the above policy. It is usable from December 11, 2024 to 10 December 2029.
This policy has defined a micro business as a unit where investments in plants and machines (P&M) or equipment do not exceed CR and turn 1 crore and turn is lower than £ 5, a small business as a unit where investment in P&M does not exceed the investment in P&M or it is scrap and matum is more than £ 50. Five, and that is five, and it is a fence is a spit £ £ is and amamamamama Matus, and it is not scrap and matum is and Matus, and that it is a tuber, and that it is more than £ 50. Less than 250 GBP crore.
Sublage and large industries have been defined as units with investment from solid capital (including land, buildings, plants, machines and equipment) between Crore 50 Crore and 100 Crore and 100 Crore for 200 Crore. This policy defined Mega Industry as a unit with more than 200 GBP Crore investment in fixed capital.
Incentives
The Government has set a tailor-made incentive procedure, which is provided by mega and projects, and incentives include the “offer of early bird” for sub-shell and above businesses.
According to policy, the decision will be adopted by the Council for Promotion of State Investments on the basis of recommendations issued by the Committee on the Promotion of the State Investment.
Published – April 10, 2025 21:07
