India Government Promotes New Deal To Help Investors
The Gujarat government of India recently launched its industrial policy in 2009. According to many department policies quoted by the state, the most important concern of the state government is the textile policy.
Gujarat has been at the forefront of India's industrial development. From the recently disclosed figures, Gujarat exceeds the growth rate of all States in India. The growth rate of Gujarat in 2007 to 09 is 13%, while India's national growth rate is 9%.
In 2009, the vibrant Gujarat states converged business leaders, investors, businesses, ideological leaders, policy makers and public opinion people to sign 8500 memorandums of understanding, with an astonishing investment of $241 billion.
As a self reliant industry, Gujarat's textile industry has its unique position. It has a complete value chain, from raw materials to fabrics and clothing, and the textile industry has made a major contribution to the economic growth of Gujarat.
Gujarat is a leading textile country in India. The state contributed more than 33% to the production of fabrics in the India power loom textile mill, contributing about 21% to the total employment rate of the industry sector.
Taking into account the great potential in this field, the government of Gujarat is planning to promote the development of the entire textile value chain, from farm to fiber to fabric to clothing to foreign trade, whether in investment or in job creation.
In order to achieve one goal, according to the new industrial policy in 2009, the state government launched a very preferential policy for investors in Gujarat textile and garment industry. At the same time, the labour dispute rate in India is the lowest.
Editor in chief: Xu Qiyun
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