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Bihar cabinet gives nod to new textile, leather policy
In a major push to textile and leather industry, the state cabinet on Thursday gave its nod to Bihar Industrial Investment Promotion (Textile and Leather) Policy, 2022 or Bihar Textile and Leather Policy. Among other provisions, the policy envisages capital investment subsidy of up to Rs 10 crore as well as freight subsidy up to Rs 10 lakh per year. Besides, the power tariff for such units will be Rs 2 per unit in order to provide competitive electricity rate to the industrial units to be set up in Bihar.