Gujarat Textile Policy: Assistance for Technology Acquisition

About This Scheme

The "Gujarat Textile Policy" is an umbrella scheme introduced by the Industries and Mines Department, Gujarat. It aimed at augmenting investments in the textile sector and strengthening the textile value chain across each sub-sector, while also focusing on strengthening the garments and apparel as well as technical textiles industry. Effective from October 1st, 2024 to September 29th, 2029, this initiative focuses on reducing the carbon footprint and promoting green growth, thereby making the sector globally competitive and environmentally sustainable. The component "Assistance for Technology Acquisition" provides financial support to industrial units for acquiring appropriate technology from recognized institutions. This initiative helps industries upgrade their product or process technology, ensuring competitiveness and innovation.

What You Get

As set out by Government of India.

• Financial Assistance: Covers 65% of the technology cost, with a cap of ₹50,00,000/-.- Royalty Payment: Supports royalty payments for the first 2 years.

Am I Eligible?

You may be eligible if all of these are true for you.

• The unit must be a new or existing industrial unit.
• The technology must be acquired from a recognized institution.
• The unit must obtain prior approval from the Industries Commissionerate within one year of signing the agreement.

Final eligibility is decided by the government department handling this scheme.

Who Cannot Apply?

Applications are commonly rejected for these reasons, so check them before you start.

• Assistance will not be eligible for purchase of any plant and machinery or equipment.

Required Documents

myScheme, Government of India does not list the documents for this scheme. The department's own website often does - check the official links below before you set off, or ask at the office where you apply.

How to Apply

1. 1 The application has to be made to the Industries Commissioner in the prescribed format along with the following documents within one year from loan disbursement, production start, or policy operative date (whichever is later).
2. 2 On receipt of the application and after the scrutiny and verification of relevant documents as per the procedure prescribed, registration certificate will be issued by the Industrial Commissioner.

Official Documents and Links

Published by the department that runs this scheme.

• Guidelines
• Scheme Guidelines