Home / Knowledge / News / Textiles / Maharashtra to boost textile sector
Maharashtra to boost textile sector
05
Dec '15
The Maharashtra Government has initiated measures to revive the textile industry in the state, according to a newspaper report.

Chief Minister Devendra Fadnavis said the textiles industry has the potential to offset unrest in the agriculture sector on which almost 55 per cent population depend for livelihood. He dismissed the argument that the textiles industry is dying and said his Government plans to promote textile industry as the second largest sector. He said big players would have to share social responsibilities and not just see the sector in terms of profit and loss.

Fadnavis has also asked Power Minister Chandrakant Bawankule to ascertain the financial implications of extending any subsidy to high intensity powerlooms. This, after a delegation of big textile industrialists, sought subsidies in power tariff on high-intensity operating machinery in their powerlooms during a meeting with Fadnavis earlier this week.

The Maharashtra Government provides power subsidy to small and medium powerlooms operations and handloom sectors, but those units which operate on high intensity large machinery to produce yarn have to pay commercial rates between Rs 8.50 to Rs 9 per unit.

The finance ministry is against extending power subsidies to looms on high intensity machinery that could entail an additional burden of Rs 300 to Rs 350 crore.

Maharashtra has almost 11 lakh powerlooms. There are 300 textile units which operate on 70,000 machines.

Fadnavis stressed that he was committed to rationalising power tariff to promote the textile sector, and planned to evolve an overall policy for rural development and employment in the textile industry. He urged textile industries to factor in socio-economic aspects and rural development through textile revival.

Textile sector has not been in the pink of health in Maharashtra. But a private and public partnership to adopt modern technology to revive the textile sector under an integrated plan of the ministries of textile, power and industries, is expected to bring Rs 50,000 crore and generate employment for 15 lakh people.

The integrated plan will entail policy changes to facilitate the setting up and upgradation of powerlooms while the decision to promote textile parks is expected to bring greater investments.

Fadnavis said the promotion of the textile industry as the second largest sector would help in development of backward districts in Vidarbha, Marathwada and parts of North Maharashtra which primarily grow cotton. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Sri Lanka reduces VAT on imported fabric to 5%

Textiles | On 24th Sep 2018

Sri Lanka reduces VAT on imported fabric to 5%

Considering the requests made by the stakeholders in the fabric...

E-com firms in India to deduct 1% TCS under GST from Oct 1

Apparel/Garments | On 24th Sep 2018

E-com firms in India to deduct 1% TCS under GST from Oct 1

E-commerce companies in India will have to deduct 1 per cent tax...

Courtesy: Andritz

Textiles | On 24th Sep 2018

'Strength of economy, demographics drive nonwovens demand'

The strength of the economy and demographic trends are the main...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Janak Dhamanwala & Sunil Dhamanwala, Jansun

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search