It was considered that an approach focused on guaranteeing the conversion of the entire thread produced in the state into fabrics and avoiding the migration of value is needed. | Photo credit: file photo
Vijayawada
The Government issued Operational Guidelines for the implementation of the textiles, appaations and garments AP (4.0) 2024-29, which aims to attract investments in textile production and manufacture of clothing with withwent. And the emphasis of the additional value.
It was stated in Go Mrs. No. 55 that more than 848 units began production with a total investment of more than ₹ 13,617 million rupees and generated employment for 1,05,225 people between 2014 and 2024, but since then there has been limited progress in textile activities of added value such as fabric, fabric, preparation, processing, technical, and integrated units.
These segments have a significant potential not only for the addition of value but also to generate large -scale employment. It was considered that an approach is needed to guarantee the conversion of the entire thread produced in the state into fabrics and avoid the migration of value, and required a policy frame that promotes the textile value. Keeping this in view, the government has presented the previous policy. It is applicable from December 11, 2024 until December 10, 2029.
The policy defined a micro company as a unit where investment in plants and machinery (P&M) or the team does not exceed the ₹ 1 crore and the billing is less than ₹ 5 million rupees, a small business as a unit where the investment ₹ 10 and the Turdover are noted and the Turdover realizes that the Turdover and the Turdover ₹ and the Turdover ₹ and the Turdover ₹ And the Turdover is observed ₹ and the Turdover is from ₹ and the Turdover is from ₹ and the Turdover is from ₹ and the Turdover is from ₹ and the Turdover ₹ and the Turdover ₹ and the Turdover ₹ and the Cucha. An average company as a unit where the investment in P&M or teams does not excess ₹ 50 million rupees and billing is less than ₹ 250 million rupees.
The sub-large and large industries have been defined as units with fixed capital investments (including land, construction, plant, machinery and equipment) between ₹ 50 million rupees and ₹ 100 crore and ₹ 100 million rupees to ₹ 200 million rupees. The policy defined a mega industry as a unit that has more than ₹ 200 million rupees or fixed capital investment.
Incentives
The Government established a procedure to claim incentives as Mega and previous projects are given, and the incentives include an ‘early offer of birds’ to sub-grande and higher companies.
The State Board for the Promotion of State Investment will make decisions under the policy on the basic recommendations made by the State Investment Promotion Committee.
Published – April 10, 2025 9:07 PM IST