Maharashtra govt invites investors to invest in Nandgaon mega textile park

YarnsandFibers News Bureau 2015-08-04 10:00:00 – Mumbai

The Maharashtra Textile Department and Industries Department has called investors to invest in India’s one stop textile destination the recently inaugurated mega textile park Nandgaon Peth in Amravati district.

As per the state textile policy, the Maharashtra Industrial Development Corporation (MIDC) initiated project will have benefits of 10 percent capital subsidy and up to 7 percent subsidy. It has seven stars facilities including common effluent treatment plant (CETP).

According to the notification, Nandgaon Peth in Amravati, Vidarbah is one-stop textile destination for investors. Vidarbha is ready with an all-inclusive textile park providing seven star facilities to make your business successful. Come, invest and take the benefits of our proactive textile policy.

It also has other benefits like industrial promotion subsidy, stamp duty and electricity duty exemption incentives by industries department.

At present, 500 hectors land is acquired and out of that 100 hectare are allotted. Till date, one project is operational, two are under construction and other projects are in progress.

Chief Minister Devendra Fadnavis laid the foundation stone for starting additional facilities for textile park on May 21, 2015. The mega park houses A to Z support structure in textile manufacturing.

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