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Related Keywords: Chandrakant Dada Patil, cooperative sector, cooperative textile mills, government investments, Maharashtra government, Suresh Halwankar Committee, textile mills in maharashtra

Around 50 co-operative textile mills in Maharashtra are sick, closed or under liquidation process with losses in the range of Rs 10-40 crore each. The government's share in their capital ranges from 80% to 45%.

In order to save these mills from losses, Maharashtra government may soon allow the mills in the state to sell off excess land in their possession. These mills were never given permission to sell the extra land, despite repeated requests to this effect. The government has not yet decided on whether there should be a cap on saleable land.

Related Keywords: disinvestment of sick cooperative mills, draft of new textile policy, FDI, Fiber to fashion approach, full fledged textile hub, garment factories, India losing out market of China, Indian cotton to become garment, nine month, review existing textile policy of Maharashtra, Suresh Halwankar Committee, textile sector

The Suresh Halwankar Committee formed to review the existing textile policy of Maharashtra taking into consideration that India are losing out the market to China mainly because it takes nine months for Indian cotton to become a garment. While in China, it takes just two months because of full-fledged textile hubs and hence recommended establishment of mega-textile hubs spread over 1,000 hectares as against allowing garment factories to come up in a scattered manner.

Related Keywords: boost state economy, convert fibre to fashion, One-window approval process, proposed Maharashtra textile policy, reduced power tariff, revive textile industry, study textile policies, subsidy for setting up textile mills, Suresh Halwankar Committee

The Suresh Halwankar Committee, which had been constituted by the BJP government in November are ready with the new proposed textile policy of Maharashtra to revive the textile industry to boost the state's economy. The committee visited eight states to study their textile policies and met several unions and federations to come up with the suggestions.

A detailed discussion on the proposed policy would be held at Mantralaya on Wednesday and the final draft would then be submitted to the government for cabinet's approval.