Home / Knowledge / News / Textiles / Maharashtra's 'Advantage Vidarbha' attracts textile firms
Maharashtra's 'Advantage Vidarbha' attracts textile firms
Jun '13
The ‘Advantage Vidarbha’ initiative of the government of Maharashtra, a state in western part of India, aimed at drawing prospective investors, especially textile firms, to the state’s backward region of Vidarbha, has started paying dividends.
Around 26 projects have already been launched in the region following the initiative, and Raymond Group, one of India’s leading integrated textile players, is now going ahead with setting up of a project.
As the company announced its expansion plans during ‘Advantage Vidarbha’, the state government allocated 25 acres of land to Raymond in Yavatmal district of Vidarbha region early this month, Maharashtra’s Minister for Textiles Mohd. Arif Naseem Khan told PTI, Economic Times reported.
Already having a wider presence in the district, Raymond plans to invest around three to four billion rupees to further expand in the region, the Minister said.
The Minister also stated that the Rs. 30 billion investment likely to flow in the state’s textile industry from the 26 projects would provide a major boost to the region. While creating around 3,500 fresh employment opportunities, it would also help cotton producers to earn better returns for their produce, he added.
Of the 26 new projects, 7 came about during ‘Advantage Vidarbha’, while other 19 materialized from the new Textile Policy introduced two years back by the state government. 
Prior to introduction of the policy, hardly 25 percent of the cotton grown in the state was consumed domestically, as industrial units lacked infrastructure to process raw cotton. 
However, the two initiatives are drawing several investors to the region and besides Yavatmal, investors are also showing great interest in Amravati, due to Butibori-based industrial estate, Mr. Khan said.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Apr 2017

Boohoo's revenue increases 51% to reach £294.6 mn

Fashion e-commerce marketplace Boohoo has recorded a 51 per cent...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Apparel/Garments | On 27th Apr 2017

Amazon catching up with Flipkart in India: RedSeer

Online marketplace Amazon India has caught up with its biggest rival...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

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

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


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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