Related Keywords: Chandrakant Dada Patil, cooperative sector, cooperative textile mills, government investments, Maharashtra government, Suresh Halwankar Committee, textile mills in maharashtra
Around 50 co-operative textile mills in Maharashtra are sick, closed or under liquidation process with losses in the range of Rs 10-40 crore each. The government's share in their capital ranges from 80% to 45%.
In order to save these mills from losses, Maharashtra government may soon allow the mills in the state to sell off excess land in their possession. These mills were never given permission to sell the extra land, despite repeated requests to this effect. The government has not yet decided on whether there should be a cap on saleable land.
