Home / Knowledge / News / Textiles / New Maharashtra textile policy to create 11 lakh jobs
New Maharashtra textile policy to create 11 lakh jobs
Mar '12
Maharashtra Economic Development Council with the Department of Textiles, Government of Maharashtra, organized a conference to announce the highlights and critical elements of the New Textile Policy of Maharashtra 2011 – 2017 recently at Taj Mahal Hotel. Honorable Minister of Textiles, Shri. Mohammed Arif (Naseem) Khan, announced the highlights of the New Textile Policy while Mr. Sunil Porwal, IAS, Principal Secretary – Textiles, Government of Maharashtra detailed out salient features.

The main objective of the policy is to lay special emphasis on raising processing units at various levels from cotton to manufacturing textiles for the assured long term development on priority basis in the cotton producing sectors, expansion of the textile industry and growth of employment in the State.

The aim of the policy is to attract a total investment of Rs. 40,000/- Crores in the sector for the purpose of adding value to 45 lakh surplus cotton bales produced in the State. It is proposed to create 11 lakh new jobs in the State in next five years in the sector.

Highlights of the New Textile Policy:

• Cooperative Spinning Mills in Vidharba / Marathwada and North Maharashtra will be given equity support as per the existing financial pattern (5 : 45 : 50) (Own Share Capital: Govt. Share capital: Loan)

• For modernization of power loom units of Scheduled Castes, Scheduled Tribes and Minorities, sanctioned by Banks, a scheme to give 10% capital subsidy of the capital investment [i.e. 10% of the permissible investment for the purpose of interest subsidy for projects which are approved in the Technology Upgradation Fund Scheme] on machinery, besides the concessions received from other sources, by such units will be framed in consultation with the concerned Departments.

• Interest subsidy on long term loan linked to centrally sponsored Technology Upgradation Fund Scheme will be started for New Textile project as well as modernization/expansion/rehabilitation project of existing textile units. In the respect orders will be issued separately.

• 10% capital subsidy scheme will be started for new textile projects in Vidarbha, Marathwada and North Maharashtra.

The conference was attended by Mr. A. B. Joshi, Textile Commissioner, Government of India, Mr. Vithal Kamat, President, Maharashtra Economic Development Council, Mr. R. K. Dalmia, Chairman, Century Textiles & Industries Ltd., Mr. Prem Malik, Vice Chairman, Confederation of Indian Textiles Industry, Mr. S. K. Saraf, Chairman, Technocraft Industries (India) Ltd. and Mr. Premal Udani, Managing Director, Kaytee Corporation Pvt. Ltd. among others.

Maharashtra Government

Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search