YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

Maharashtra textile policy fails to meet its target halfway mark

Related Keywords: constituted a committee, Fadnavis government, formulate a new textile policy, grim situation both on revenue and employment fronts, huge mismatch between the projected targets of revenue and employment, launched during the previous Congress-NCP regime, Maharashtra textile department, Maharashtra textile policy, presented in winter Assembly

The midterm assessment of Maharashtra Textile Policy 2011-17 launched during the previous Congress-NCP regime revealed a grim situation both on revenue and employment fronts. The policy had stipulated generation of 11 lakh jobs and investment worth Rs40,000 crore in five years. The aim was to utilise 45 lakh surplus cotton bales produced in the state.

Maharashtra’s new textile policy helped rekindle interest in textile sector

Related Keywords: cotton ginning, create employment potential, investment made by textile companies, Maharashtra textile policy, offers capital and interest subsidy, powerloom, textile projects, textile sector, textile zones, weaving

Maharashtra’s 2011 textile policy has been the main motivator as it offers capital and interest subsidy on the investment made by textile companies which renewed interest in textile sector. In the last two years the State has managed to get investments to the tune of Rs. 7,099 crore and has created employment potential for 45,953 persons.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button