Home / Knowledge / News / Textiles / Maharashtra Textile Minister in Gujarat to seek investment
Maharashtra Textile Minister in Gujarat to seek investment
11
Sep '12
Mr Mohammed Arif Khan
Mr Mohammed Arif Khan
The battle to catch eyeballs and garner investments in their respective states from the overall Indian textile sector, between the two most industrialized states in India – Gujarat and Maharashtra has just begun.

Yesterday, the Textile Minister of Maharashtra – Mr Mohammed Arif Khan was in Ahmedabad – Gujarat seeking investments in his state from textile entrepreneurs in Gujarat, under the Textile Policy announced by the State in March, earlier this year.

Incidentally, Gujarat too released its much awaited Textile Policy – 2012 just last week, in which, it too has announced a slew of subsidies and incentives for those investing in the textile industry in the State.

Informing about the salient features of the Maharashtra Textile Policy, Mr Khan said, “12.5 percent interest subsidy would be provided without any ceiling on investment and that it would be paid on a quarterly basis for a period of seven years”.

“Additionally, 10 percent capital subsidy would be provided on new project investments in regions like Vidarbha, Marathawada and North Maharashtra. Land would be made available at concessional rates in North Maharashtra at just Rs 40 per sq metre”, the Minister informed.

Providing details of the Textile Parks in the State he said, “14 Integrated Textile Parks have been approved by the Central Government. The state will provide 9 percent capital subsidy or up to Rs. 9 crore, whichever is less for the infrastructure development in the proposed Textile Parks.

“This is in addition to the Rs 40 crores subsidy from the central government. A total investment of Rs 10,000 crore is envisaged in the development of the 14 Textile Parks, with one Park expected to house around 50 units”, he revealed.

He added, “As both the schemes are linked to the TUF Scheme, no separate sanction will be needed and the scheme will be operated through the banks as is done in case of TUFS. Sanction under TUFS shall be deemed as sanction under the state scheme”.

Speaking exclusively to fibre2fashion, the Minister, when asked about attracting investments in the burgeoning technical textiles segment said, “We already have a few proposals in hand for the segment and will also try to draw more investments in the industry”.

Updating fibre2fashion on the investments attracted by the state under the new policy he said, “Oswal Spinning & Weaving would set up a 100,000 spindles plant, ETCO Spinners a 50,000 spindles mill, Jindal Group is investing Rs 280 crore, Ginni International Rs 350 crore and Shyam Indo and Motha Spinning & Weaving too are coming up with big projects”. 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Ministry of Trade and Industry, Singapore

Textiles | On 22nd Feb 2018

Final version of CPTPP pact released; to be signed in March

The final version of the Comprehensive and Progressive Agreement for...

Amazon India crosses 3 lakh seller base in less than 5 yrs

Apparel/Garments | On 22nd Feb 2018

Amazon India crosses 3 lakh seller base in less than 5 yrs

Amazon recently claimed to have crossed the three-lakh seller base in ...

Indian e-retail market may see 250% growth in 3 yrs: Crisil

Apparel/Garments | On 22nd Feb 2018

Indian e-retail market may see 250% growth in 3 yrs: Crisil

India’s e-retail market may rise by 250 per cent in the next three...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

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

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


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