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UP Eyes Rs 2000 Crore Investment In Textile From GIS

The state’s handloom and textiles department is already in contact with entrepreneurs, industrial organisations, banks and various other stakeholders to motivate them for investment. A helpline has also been set up for this by the Handloom and Textiles Department.

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Varanasi, December 1, 2022 


Aiming to give a major boost to the textile industry of the state, the Uttar Pradesh government is eyeing an investment target of Rs 2000 crore in the industry in the forthcoming Global Investors Meet 2023. The Yogi Adityanath led UP government is already working towards creating a Brand UP and the GIS is expected to give a major push to this. 

The state’s handloom and textiles department is already in touch with investors from across the globe. Assistant Commissioner, Handloom and Textile Industries, Varanasi Zone Arun Kumar Kuril said that the department will give information about its policies, plans and programmes to the investors participating in the Global Investors Summit. Along with this, all the policies and programmes of Uttar Pradesh Textile and Garment Policy-2022 will be promoted extensively.

The department is already in contact with entrepreneurs, industrial organisations, banks and various other stakeholders to motivate them for investment. A helpline has also been set up for this by the Handloom and Textiles Department.

It may be recalled that through the Global Investors Summit, the UP government is focussing on making Uttar Pradesh a global investment hub. By changing the old policies, the government has already announced new attractive, easy, simple and convenient MSME Policy-2022, Textile Policy-2022 and Industrial Policy-2022, which is friendly to investors.

Financial opportunities for young men and women to start new employment 

There will be immense possibilities of new employment in the field of establishment, design and marketing of handloom and powerloom. The government's new industrial policy and the Global Investors Meet are going to prove very useful in making Uttar Pradesh a one trillion economy.