Textile Park

Sector Highlight:

Textile Sector in the State of Jharkhand primarily thrives on Tasar silk and its products
Jharkhand is known for its Tasar silk variety across India and with the growing impetus on exports
Jharkhand has made marching strides in developing capacity, improving production & enhancing quality of Tasar silk
Jharkhand had a share of 62% of Tasar silk production
Jharkhand is producing nearly 1200 MT of tasar silk
Jharkhand has blessed with immense natural advantage of rearing wild tasar silk.

Opportunities:

Abundant raw material and silk
Jharcraft – renowned brand in India
For development tassar silk, training centers being setup in collaboration with NIFT, Kolkata.
Presence of good number of quality handloom weavers and looms.
Adequate skilled man power reasonably priced.

Jharkhand Textile, Apparel and Footwear Policy 2016:

Capital Incentive Subsidy (CIS) of 20% with an upper cap of Rs 50 Cr
Interest Subsidy @7% per annum or 50% of Interest rate per annum
Incentive on SGST 100% NET SGST for 7 years 40% next 3 years
Stamp duty and registration fee 100% reimbursement
Employment generation subsidy of Rs. 5,000 per month per worker for 7 years for capacity building of workers. For SC/ST/Women, this subsidy will be Rs 6,000 per month per worker for 7 years
Quality Certification @ 50% of the expenditure incurred up to maximum of Rs. 10.00 lakh.
Patent Registration 50% of the expenditure incurred, up to a maximum of Rs. 10 lakh
Cluster Development 15% of the grant released by Government of India shall be offered by states.
Power Tariff reimbursement of 50% of power tariff for 7 years
Skill Development One-time support of Rs. 13,000