India, March 10 -- Tamil Nadu has announced its integrated textile policy, which aims at sustainable growth of the entire textile value chain and promotion of technical textiles. Released by Tamil Nadu Chief Minister Edappadi K Palaniswami, the new policy also encourages setting up of the textile industry in the 12 southern districts of the State.
As per the new policy, announced after a gap of around 20 years, the State Government will provide 100 per cent stamp duty exemption for technical textile projects, give 6 per cent interest subsidy for technical textile projects in addition to incentives from the Central Government, and 9 per cent of the project cost as State grant to set up technical textile parks under the Scheme for Integrated...