Related Keywords: across under developed regions, additional subsidy, area wise and sector specific incentives, decided to offer primary capital subsidy across the value chain, eroded over recent years, Government in Maharashtra, help restore as a prime hub, lower electricity rates, new textile policy, setting up units
The government in Maharashtra’s new textile policy to help restore it’s place as a prime hub eroded over recent years. The state government has decided to offer a primary capital subsidy of 25-40 percent across the value chain. Also, area-wise and sector-specific incentives, such as 10 percent of additional subsidy and lower electricity rates for setting up units across under-developed regions.
The new textile incentive has attracted investment commitments of Rs 360 billion, compared to Rs 200 billion assured for the neigbouring state of Gujarat, a ready alternative for manufacturers.
