Soon, Maharashtra to launch textile policy

Soon, Maharashtra to launch textile policy

The Government of Maharashtra plans to introduce a new textile policy in the next two months. The aim is to attract entrepreneurs in the entire value chain, besides seeing that existing unit do not migrate to other major cotton-growing States.

The Government of Maharashtra plans to introduce a new textile policy in the next two months. The aim is to attract entrepreneurs in the entire value chain, besides seeing that existing unit do not migrate to other major cotton-growing States.

Over and above the Centre’s textile package, the technology upgradation fund scheme and other incentives, all major growing states have introduced their own textile policies to attract investment. The governments of Tamil Nadu, Karnataka, Andhra Pradesh and Telangana have announced a number of incentives for textile units. And, effective October 1, 2017, the Government of Gujarat renewed its State textile policy, which was originally introduced for five years in 2012.

The earlier policy of Gujarat had seen a large migration of units into the state from across the country. Maharashtra saw the migration of all types of business units in the sector, given the similar business environment in the two States.

“We have started taking inputs from co-operative and other sectors involved in the garment value chain. We will introduce our own textile policy in two months to stop migration of units to other states. These states have attracted investment in the entire textile chain with incentive schemes, electricity and labour being the major ones. Our textile policy would majorly focus on power availability at cheap rates,” said a senior Maharashtra government official.

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