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Related Keywords: acquired land parcel, closure of textile units in Balotra, developing the infrastructure, Maharashtra Industrial Development Corporation, MIDC, mulling over to build Common Effluent Treatment Plant project, proposed park expected to attract investment, proposes textile park, provide job opportunities to youths, regional office

The Maharashtra Industrial Development Corporation's (MIDC) regional office proposes textile park for which it has acquired 113 hectare land parcel. The proposed park is expected to attract investment and provide job opportunities to the youths.

A proposal for infrastructural development has been sent to the head office for approval. On receiving approval, the MIDC will float tenders for developing infrastructure.

Related Keywords: announced policy of Maharashtra, Chandrakant Patil, encouraging investors with self financing, extend capital subsidy, MIDC, projects financed by banks, revive ailing textiles units, self financed textile unit, Texprocil, textile sector, textiles minister

Textiles minister Chandrakant Patil announced the policy of the Maharashtra Government to extend a capital subsidy to those textile units which are self-financed. Initially, Capital subsidy was allowed only for those projects that were financed by banks.

Related Keywords: hundred hectares land acquired, MIDC, proposed textile park, road, Sayane in Malegaon, streetlights, survey to develop infrastructure, water supply

The Maharashtra Industrial Development Corporation (MIDC) has started survey to develop the proposed textile parks at Sayane in Malegaon tehsil of the district and would be sending the proposal to develop infrastructure such as road, water supply, streetlights to the head office in Mumbai, shortly.

The MIDC has proposed the textile park on 113 hectares, of which, 100 hectares have been acquired by the MIDC so far. The state agency is in the process of acquiring the remaining land.

Related Keywords: calls investors to invest, captial subsidy, common effluent treatment plant, industrial promotion subsidy, Maharashtra Textile Department and Industries Department, MIDC, Nandgaon Peth mega textile park, one stop textile destination, project will have benefits, stamp duty and electricity duty exemption incentives by industries department.

The Maharashtra Textile Department and Industries Department has called investors to invest in India’s one stop textile destination the recently inaugurated mega textile park Nandgaon Peth in Amravati district.

As per the state textile policy, the Maharashtra Industrial Development Corporation (MIDC) initiated project will have benefits of 10 percent capital subsidy and up to 7 percent subsidy. It has seven stars facilities including common effluent treatment plant (CETP).