The Government of Tamil Nadu on March 18, 2023, issued Special Scheme for Technical Textiles, MMF Yarn from Recycled Products, MMF Fabric & Apparel Manufacturing (2023).
The special scheme is an extension of the Tamil Nadu Industrial Policy, 2021 and provides incentives for new/expansion Projects engaged in manufacturing of eligible products in Technical Textiles, MMF Yarn from recycled products with minimum investment of Rs.50 crore and MMF Fabric and Apparel Manufacturing with minimum investment of Rs.100 crore.
The Special Scheme also provides incentives for projects of existing textile manufacturers diversifying to manufacture of Technical Textiles, MMF Yarn from Recycled Products & MMF Fabric. Further, this Special Scheme also supports the establishment of Common Facility Centers in Technical Textiles & MMF.
The administration of incentives under this Special Scheme shall be as per the Policy Implementation indicated under Tamil Nadu Industrial Policy 2021 (Section 20). SIPCOT is mandated to act as the implementing and disbursal agency for all the incentives listed in this Special Scheme.
The Special Scheme shall be in operation for a period of 5 years.
Disclaimer – Please view the scheme for more details provided in the Link/Document.
[G.O.(Ms). No. 70]
