The Industries Department has ordered an increase in capital subsidies under a special technical textile plan
The Tamil Nadu Industries Department has issued an order to increase capital subsidies under a special plan aimed at boosting the state’s technical textiles sector. This move signifies a significant step towards strengthening the industry and attracting investments.
The order outlines a substantial increase in capital subsidies for eligible projects, providing a strong incentive for businesses to invest in this high-growth sector. This enhanced support aims to encourage the adoption of advanced technologies, promote innovation, and enhance the competitiveness of Tamil Nadu’s tech textile manufacturers in the global market.
The increased subsidies are expected to have a positive impact on job creation, attracting both domestic and foreign investments and fostering the development of a robust and sustainable tech textiles ecosystem within the state.
This move aligns with the state government’s vision to position Tamil Nadu as a leading hub for advanced manufacturing and technology. By providing targeted support to the tech textiles sector, the government aims to drive economic growth, create high-skilled jobs, and contribute to the overall development of the state.
