Ma­ha­rash­tra Govt. ap­proves new tex­tile pol­icy

Apparel Online - - Tex-file -

The State Govern­ment of Ma­ha­rash­tra has an­nounced a new tex­tile pol­icy for the term 20182023. The new pol­icy em­pha­sises on min­imis­ing the re­gional im­bal­ance and pro­mote cot­ton pro­duc­ing ar­eas. A pro­vi­sion for a higher con­ces­sion rate for those in­ter­ested in es­tab­lish­ing units in Vi­darbha, Marath­wada and North Ma­ha­rash­tra re­gions has also been made. The newly ap­proved pol­icy is aimed to bring in­vest­ments worth Rs. 36,000 crore to the state and is ex­pected to cre­ate em­ploy­ment for around 10 lakh peo­ple.

The tex­tile pol­icy also has pro­vi­sion to re­duce the power tar­iffs and in­crease the cap­i­tal sub­sidy to 45 per cent for spin­ning mills, claimed re­port cit­ing sources. No­tably, Ma­ha­rash­tra has higher power tar­iff as com­pared to other states such as neigh­bour­ing Gu­jarat and Kar­nataka. “A pro­posal has been made to re­duce power tar­iffs for spin­ning mills,” states Ma­ha­rash­tra Tex­tile Minister Sub­hash Desh­mukh. The new pol­icy will also of­fer a 20 per cent ad­di­tional sub­sidy to pro­cess­ing and gar­ment units in Vi­darbha, Marath­wada and North Ma­ha­rash­tra. In­fras­truc­tural de­vel­op­ment for tex­tile clus­ter and gar­ment parks will be the ma­jor fo­cus area for the Govern­ment un­der the new pol­icy. It will also im­ple­ment var­i­ous schemes worth Rs. 4,649 crore for the in­dus­try. A pro­posal to set up a tex­tile Govern­ment to con­sider yarn for free move­ment with­out the e-way bill in the state. It’s not only Su­rat, the tex­tile in­dus­try across the univer­sity in the Vi­darbha re­gion has also been sug­gested in the pol­icy. Fur­ther­more, in or­der to get so­lar en­ergy fully utilised by the spin­ning mills, the Govern­ment is also plan­ning to en­cour­age spin­ning mills to es­tab­lish so­lar power plants on their land.

The tex­tile pol­icy also has pro­vi­sion to re­duce the power tar­iffs and in­crease the cap­i­tal sub­sidy to 45 per cent for spin­ning mills.

nation too has been strug­gling to cope with GST is­sues. Var­i­ous units faced the clo­sure post-GST im­ple­men­ta­tion in July last year.

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