India Needs ‘One Nation, One Textile Policy’ and ‘One Product, One Slab’ GST System

One Nation, One Textile Policy As of now every state has different incentive structures. Gujarat gives a 25% capital subsidy; Maharashtra gives 35%. Such variations create imbalance and unfair competition. Why should the same industry get different levels of support depending on where it’s located? That discourages fair competition and investment in certain regions. A national-level, uniform textile policy would make growth more equitable. Richa Bansal / texfash