Related Keywords: 000 crore in Maharashtra, aim to attract investment, approval from State Cabinet, generate 10 lakh employment, increasing capital subsidy to 45 percent, New textile policy for 2018-2023, reducing power tariffs, Rs 36, spinning mills, strengthen cotton industry and silk business
The new textile policy for 2018-2023 with an aim to attract investment of Rs 36,000 crore in Maharashtra and generate 10 lakh employment gets approval from the State Cabinet on Tuesday.
Some of the major aspects of the policy include reducing the power tariffs and increasing capital subsidy to 45 percent for spinning mills. Officials from the state textile department said that the policy takes forward the Make in Maharashtra concept to strengthen the cotton industry and silk business.
