Interviews
M'rashtra expects 1.1mn new jobs from new textile policy
06 Feb '12
3 min read
In a bid to provide a boost to the textile sector in the state, the Government Maharashtra announced a new Maharashtra Textile Policy 2011-2017 recently and expects the policy to generate 1.1 million new jobs in the state.
The policy envisages attracting investments of Rs 400 billion in the value-chain across the whole textile processing industry in a bid to add value to the 4.5 million bales produced in the state in the next five years.
The salient features of the policy are –
I) For Co-operative Spinning Mills:
A) Financial help to co-operative mills in Vidarbha / Marathwada and North Maharashtra will be continued as per the existing pattern.
B) Financial help as per the existing rules will not be provided to set-up new cooperative mills in those talukas where government has already helped co-operative mills in the form of share capital.
2. For Powerloom/Warping/Weaving/Sizing/Dyeing /Printing/Garmenting/Knitting units, etc:
A) As per the availability of funds, Co-operative Projects of Shuttle-less
Looms/Warping/Sizing/Yarn Dyeing/Dyeing/Processing/Garmenting etc. will be given consideration for financial help as per the existing pattern.
B) Plan for starting financial help, by way of seed capital, government share capital and loan under pattern 5:45:50 instead of pattern 10:40:50 for powerloom units of Scheduled Caste, Scheduled Tribes and Minorities will be drawn with consultation of respective department. Independent decision will be taken accordingly. For this 5% additional amount will be provided from the fixed expenses of the concerned department.
C) Independent decision will be taken with the consultation of concerned department to appoint professional agencies from government for preparing long term loan plans for the modernization of powerloom units of Scheduled Caste, Scheduled Tribes and Minorities, sending these plans to banks, getting these plans sanctioned. Payment of fees to these professional agencies will be granted after successful sanctioning of the project.
D) Independent decision will be taken with the consultation of concerned department for the grant of 10% capital investment (Interest concession on sanctioned investment for projects acceptable under TUFS) on machinery other than facilities from other sources for the modernization projects of Power-loom units of Scheduled Caste, Scheduled Tribes and Minorities which have been granted bank sanction.
3) Scheme for concession on long term loan related to Central Govt. approved TUFS:
A) For developing the modernization and expansion projects of the new and existing textile units in state, a scheme related to Central Government approved 'TUFS for concession on long term loan from financial institutions and banks will be started. Separate orders for these will issued.
B) Separate orders for tax concessions for textile parks these will issued.
The policy envisages attracting investments of Rs 400 billion in the value-chain across the whole textile processing industry in a bid to add value to the 4.5 million bales produced in the state in the next five years.
The salient features of the policy are –
I) For Co-operative Spinning Mills:
A) Financial help to co-operative mills in Vidarbha / Marathwada and North Maharashtra will be continued as per the existing pattern.
B) Financial help as per the existing rules will not be provided to set-up new cooperative mills in those talukas where government has already helped co-operative mills in the form of share capital.
2. For Powerloom/Warping/Weaving/Sizing/Dyeing /Printing/Garmenting/Knitting units, etc:
A) As per the availability of funds, Co-operative Projects of Shuttle-less
Looms/Warping/Sizing/Yarn Dyeing/Dyeing/Processing/Garmenting etc. will be given consideration for financial help as per the existing pattern.
B) Plan for starting financial help, by way of seed capital, government share capital and loan under pattern 5:45:50 instead of pattern 10:40:50 for powerloom units of Scheduled Caste, Scheduled Tribes and Minorities will be drawn with consultation of respective department. Independent decision will be taken accordingly. For this 5% additional amount will be provided from the fixed expenses of the concerned department.
C) Independent decision will be taken with the consultation of concerned department to appoint professional agencies from government for preparing long term loan plans for the modernization of powerloom units of Scheduled Caste, Scheduled Tribes and Minorities, sending these plans to banks, getting these plans sanctioned. Payment of fees to these professional agencies will be granted after successful sanctioning of the project.
D) Independent decision will be taken with the consultation of concerned department for the grant of 10% capital investment (Interest concession on sanctioned investment for projects acceptable under TUFS) on machinery other than facilities from other sources for the modernization projects of Power-loom units of Scheduled Caste, Scheduled Tribes and Minorities which have been granted bank sanction.
3) Scheme for concession on long term loan related to Central Govt. approved TUFS:
A) For developing the modernization and expansion projects of the new and existing textile units in state, a scheme related to Central Government approved 'TUFS for concession on long term loan from financial institutions and banks will be started. Separate orders for these will issued.
B) Separate orders for tax concessions for textile parks these will issued.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Editor’s Pick
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
