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Business & Entrepreneurship

Gujarat Textile Policy: Assistance for Technology Acquisition

The "Gujarat Textile Policy" introduced by the Industries and Mines Department aims to create a vibrant Textile Sector ecosystem and generate enormous employment opportunities in the State.

Authority

State/ UT

Region

Gujarat

Status

Verified 2026

Updated

March 2026

What you get

- Financial Assistance: Covers 65% of the technology cost, with a cap of ₹50,00,000/-.- Royalty Payment: Supports royalty payments for the first 2 years.

Who can apply

The unit must be a new or existing industrial unit.; The technology must be acquired from a recognized institution.; The unit must obtain prior approval from the Industries Commissionerate within one year of signing the agreement.

Required Paperwork

  • Aadhaar Card
  • PAN Card
  • Income Certificate
  • Residence Proof (Domicile)

Common Questions

What incentives are provided under the policy?

The policy offers financial assistance, infrastructure support, and subsidies to strengthen textile manufacturing, encourage investment, and support MSMEs, startups, and large enterprises.

What is the "Gujarat Textile Policy"?

The "Gujarat Textile Policy" is a government initiative aimed at strengthening the textile sector by promoting investment, sustainability, employment generation, and value chain integration.

What is the operative period of the "Gujarat Textile Policy"?

The operative period of the Gujarat Textile Policy 2024 is from October 1, 2024, to September 30, 2029, covering a span of five years.

How does the policy contribute to employment generation?

The policy focuses on creating a robust textile ecosystem by attracting investments, encouraging MSMEs, supporting women entrepreneurs, and expanding production capacities, thereby generating employment opportunities.

What is the objective of the "Assistance for Technology Acquisition" component?

The "Assistance for Technology Acquisition" component provides financial support to industrial units for acquiring appropriate technology from recognized institutions.

What is the maximum financial assistance available under the Assistance for Technology Acquisition scheme?

The scheme provides financial assistance of up to [?]50,00,000/-, covering 65% of the technology acquisition cost, including royalty payments for the first two years.

Who is eligible to apply for this scheme?

Both new and existing industrial units are eligible to apply for assistance under this scheme.

Can an industrial unit use the financial assistance to purchase machinery or equipment?

No, the assistance is strictly provided for technology acquisition and cannot be used for purchasing machinery or equipment.

Is prior approval required before acquiring the technology?

Yes, an industrial unit must obtain prior approval from the Industries Commissionerate within one year after signing the agreement with the technology provider.

Can an industrial unit acquire patented technology from a foreign company under this scheme?

Yes, patented technology acquired from both Indian and foreign companies is eligible for assistance under this scheme.

Does the financial assistance cover royalty payments?

Yes, the assistance covers royalty payments for the first 2 years as part of the total technology acquisition cost.