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Maharashtra helping spinning mills and textile units set up solar power plants

Related Keywords: Director General of the Maharashtra Energy Development Agency, power subsidy, solar power plants, spinning mills, Textile Director, textile projects, textile units

An official said the subsidy will be reviewed every year to reduce the overall burden. “One of the major reasons why spinning mills incur losses is the higher power tariffs in Maharashtra compared to other states. So we want to encourage spinning mills to set up solar power plants. It will reduce the power bills,” the official said.

Maharashtra state’s new textile policy to offer capital, power subsidy

Related Keywords: 2018-2023 period, announcing new textile policy, garmenting, knitting and ginning industries, Magnetic Maharashtra, offer capital, policy will cover the spinning, power subsidy, processing, state government, textile sector, three day long Convergence 2018 conclave, weaving

The Magnetic Maharashtra, the three day long Convergence 2018 conclave that began on Sunday, the state government will be announcing its new textile policy which will be for the 2018-2023 period. Chief Minister of Maharashtra, Devendra Fadnavis said that the policy will cover the spinning, weaving, processing, garmenting, knitting and ginning industries, among others.

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