Maharashtra’s new textile policy to attract Rs 360bn investment

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

Mumbai
Maharashtra’s new textile policy to attract Rs 360bn investment
Summary: 
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 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.

http://www.business-standard.com/article/economy-policy/maharashtra-says-new-textile-incentives-attract-rs-360-bn-investments-118030100797_1.html
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Govt to provide all necessary help to boost textile industry in Burhanpur

Related Keywords: Archana Chitnis, Burhanpur, Burhanpur known for banana plantation, buyer seller meet, Cloth made from banana trees, cotton, good source of income, group shed scheme, inaugurated by woman and child development minister, increasing subsidy, organized by local Powerloom Seva Kendra, promote textile industry, setting up units, textile industries

Burhanpur
Govt to provide all necessary help to boost textile industry in Burhanpur
Summary: 
A buyer seller meet for textile industries was organized by local Powerloom Seva Kendra in Burhanpur. The meet was inaugurated by woman and child development minister Archana Chitnis.

A buyer seller meet for textile industries was organized by local Powerloom Seva Kendra in Burhanpur. The meet was inaugurated by woman and child development minister Archana Chitnis.

Archana Chitnis at the inaugural function urged everyone to promote textile industry and assured that government would provide all necessary help for the growth of the textile industry. She also informed the gathering that the central government would be increasing subsidy under group shed scheme from Rs 300 square feet to Rs 400.

http://www.freepressjournal.in/bhopal/bhopal-government-to-promote-textile-industry-in-burhanpur/1006841
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