The Telangana Textile and Apparel Policy (T-TAP) is a strategic initiative designed to transform Telangana into a leading hub for the textile and apparel industry. This comprehensive policy focuses on every segment of the textile value chain, from ginning and spinning to weaving, dyeing, and garment production. T-TAP aims to attract significant investments, boost employment, and enhance the state’s economic growth.
Key Features and Incentives under T-TAP:
Comprehensive Support:
T-TAP offers a range of incentives to businesses, including:
- Capital Assistance: Financial support for setting up new units or expanding existing ones.
- Interest Subsidies: Lower interest rates on loans to reduce the financial burden on businesses.
- Power Tariff Subsidies: Reduced electricity tariffs to lower operational costs.
- Infrastructure Development Support: Assistance in developing necessary infrastructure like roads, water supply, and waste management within industrial parks.
Skill Development and Capacity Building:
The policy emphasizes the importance of having a well-trained workforce. It includes initiatives for skill development and capacity building to ensure that workers are equipped with the necessary skills to meet industry demands.
Key Projects under T-TAP:
Kakatiya Integrated Mega Textile Park:
- A flagship project designed to provide state-of-the-art facilities for textile manufacturing. This park aims to attract major investments and become a key player in the global textile industry.
Sircilla Textile and Apparel Park:
- Another significant project under T-TAP, focused on developing a modern textile park with advanced infrastructure to support the growth of the textile and apparel sector.
Incentives and Approvals:
- In the fiscal year 2023-24, a state-level committee was formed to oversee the implementation of T-TAP. The committee approved Rs. 181.81 crore for 46 various incentives to support the industry.