With the Gujarat authorities set to announce the brand new textile coverage on Tuesday, trade gamers within the metropolis are hoping that their demand for capital and energy subsidy will probably be met to stop the enlargement of the trade from Surat to neighbouring Maharashtra, which has cheaper energy charges.
Sources mentioned that presently, as many as 130 textile factories owned by Surat textile gamers are located on Navapur MIDC (Maharashtra Industrial Growth Company) premises.
In addition to, over 25 textile businessmen from Surat are prone to open their factories in Navapur, round 100 kilometers from the town, after Diwali, sources added.
In the meantime, the Navapur MIDC is absolutely booked now with the authorities there advising the Surat businessmen to contemplate the Bhaler MIDC arising at Nandurbar, 60 kilometers removed from Navapur.
“Chief Minister Shri Bhupendra Patel will launch the New Gujarat Textile Coverage-2024 from Gandhinagar on Tuesday as a part of the end result of the celebration of Vikas Saptah,” in line with a press release issued by the federal government on Monday. “This new textile coverage will symbolize a big step within the context of the present geopolitical panorama and increase industrial development,” it additional added.
Notably, the outdated textile coverage of the state expired on December 31, 2023, and trade gamers have, since then, been demanding that the state authorities provide you with a brand new textile coverage.
Few days in the past, the state trade division secretaries held a gathering with the textile trade stakeholders and sought their strategies.
Through the assembly, trade gamers had requested the federal government officers to incorporate subsidies within the new textile coverage.
Vijay Kumar Mevawala, president, Southern Gujarat Chamber of Commerce and Trade (SGCI), mentioned, “We have now made representations to the state authorities earlier to present capital and energy subsidies for the industries. We’re hopeful that our request will probably be agreed to within the new textile coverage. We hope the brand new textile coverage will probably be trade pleasant and can result in a rise in exports.”
On the trade enlargement to Maharashtra, C Okay Mania, a textile unit proprietor in Surat, mentioned, “I’m working a manufacturing unit at Sachin GIDC with 20 rapier jacquard machines and 100 air jet machines. We have now bought a giant plot in Navapur MIDC and accomplished the development of the manufacturing unit. After Diwali, we are going to begin our new manufacturing unit with 50 rapier jacquard machines. We have now made an funding of Rs 25 crore in Navapur and one other Rs 25 crore will come after six months as we are going to increase additional. In Surat, the facility price per unit is Rs 8.50 whereas in Maharashtra, energy subsidy price is Rs 3 to Rs 5.30 per unit.”
He additional mentioned, “There are a couple of others who’ve expanded their textile enterprise from Surat to Navapur with funding of over Rs 25 crore. The rationale behind preferring Navapur MIDC is that every thing is reasonable over there – the plot charges, development prices, energy subsidy and different taxes. In our letter written to the state authorities a couple of months in the past, we acknowledged that the state authorities ought to body a brand new textile coverage, maintaining in thoughts the insurance policies of Maharashtra.”
Navapur MIDC president Ishwar Patil mentioned, “There are presently over 130 factories owned by folks from Surat at our MIDC. The remaining industrial plots have additionally been booked by textile trade folks from the Gujarat metropolis. Daily, we get an inquiry for plots. We have now firmly advised them that there is no such thing as a house left.”
He additional mentioned, “We advise them to go forward with the brand new Bhaler MIDC arising at Nandurbar. The rationale behind Gujarat folks organising their industries right here (in Maharashtra) is cheaper plot, energy subsidy at Rs 3 per unit for connection as much as 27 HP (horsepower) and Rs 5.30 per unit for as much as 200 HP. Even the state authorities offers an additional subsidy of Rs 1 on 200 HP connections.”
