Media reports of incentives planned in the draft textile policy of Gujarat were circulated widely among the textile and apparel manufacturers in Coimbatore and Tiruppur on Wednesday, November 29, 2023.
There has been widespread concern within the industry over the past few months of investors moving from Tamil Nadu and with the textile industry in other States becoming more competitive, said a spinning mill owner in Coimbatore. “We will lose not just investments and capacities, but expertise available in this region of Tamil Nadu, if there is a flight of investments to other states,” he said.
While a couple of integrated garment units are planning investments or expansion in Madhya Pradesh, at least two more are looking at Bihar.
