The Hemant Soren government in Jharkhand has unveiled the draft of the 'Jharkhand Textile, Apparel and Footwear Policy-2026,' a strategic move designed to transform the state into an industrial powerhouse in Eastern India. With a massive investment target of ₹1,000 crore, the policy aims to generate over 20,000 direct employment opportunities. By aligning with national initiatives like the PM MITRA scheme and the Production Linked Incentive (PLI), the state is set to create world-class textile and apparel parks equipped with advanced processing, design, and warehousing facilities.Subsidies and Incentives for Investors The new policy introduces the Comprehensive Project Investment Subsidy (CPIS), offering investors up to 20% of their fixed capital investment, capped at ₹50 crore. To promote inclusivity, SC, ST, women, and disabled entrepreneurs—who are Jharkhand residents with over 50% stake—will receive an additional 5% benefit. The state has further categorized districts into three zones, with Zone 3 (including Garhwa, Dumka, and Pakur) receiving a 5% additional incentive to encourage industrial development in more remote regions.Empowering the Local Workforce At the heart of the 2026 policy is a commitment to the local workforce. The government has mandated that at least 75% of all new jobs created must go to local residents. Workers will benefit from comprehensive support, including a wage subsidy where the government reimburses ₹5,000 per month for male workers and ₹6,000 for female workers for a period of five years. Additionally, the state will provide ₹13,000 per person for skill development training, with extra assistance for vulnerable sections, ensuring that industrialization translates directly into socio-economic upliftment for the people of Jharkhand.
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