Home / Knowledge / News / Textiles / Maharashtra's new textile policy gets good response
Maharashtra's new textile policy gets good response
09
Aug '12
The new textile policy introduced by the Government of Maharashtra from April this year has received encouraging response, according to an official of the Ministry of Textiles.
 
“We have received good response from the textile industry under the new textile policy of the state government,” Mr. Ramesh Ade, Under Secretary, Ministry of Textiles, Maharashtra, told Fibre2fashion.
 
“The Maharashtra government’s textile policy is linked to the Central Government’s Textile Upgradation Fund Scheme (TUFS). So, the proposals that are sanctioned under TUFS are automatically eligible under our policy as well. So far, we have received 224 sanctioned projects with an investment of Rs. 22 billion,” he informs.
 
The new projects would generate 15,950 direct employment opportunities in the state, according to Mr. Ade.
 
Talking about the sectors and size of new projects, he says, “The investments are in all segments of the textile industry, and include projects for setting up new weaving, powerloom, and cotton spinning and ginning units.”
 
“We have received enquiries for some mega projects as well. The Jindal Group has already set up a project for Technical Textiles worth Rs. 4 billion near Igatpuri. They wish to further invest in Maharashtra,” he reveals. 
 
“Cheema Spintex Ltd. of Chandigarh is also looking for space spanning around 400-500 acres to set up a mega project. Another company Indo Count Industries Ltd. has also shown interest in investing in Maharashtra,” he adds. 
 
“Our target is to have investments worth Rs. 400 billion over the next five years,” he mentions.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search