+917718880355

news

State govt identify 10 districts for textile parks on availability of cotton

YarnsandFibers News Bureau 2015-12-18 10:00:00 – Nagpur

Maharashtra state government has identified ten viable districts on the basis of cotton availability for the textile parks of which the state government has approved nine new textile parks throughout the state to boost the textile sector of this two are in Vidarbha, and the rest in Marathwada and Jalgaon district of north Maharashtra.

At the Textile Seminar 2015, organized by the industries department, chief minister Devendra Fadnavis said that the industry will always have a growth potential as demand for garment is never going to die down.

Fadnavis further addeded said that in Nandgaopeth land has been allotted for 12 projects with a total investment of Rs2,603 crore and an estimated job creation for 6200 persons. Out of these, one company Shyam Indo Fab has already gone into production with an investment of Rs273 crore and 500 jobs.

According to some sources, there is also a demand from 6 new textile companies for being allotted land in Nandgaopeth and other parks of the region. Donnear Mills, Siyaram, Damodar Rayon and Madhukar Rayon are some of the bigger ones who have shown interest.

Sunil Porwal the state's additional chief secretary (textile) said that the new parks in Vidarbha include those in Yavatmal and Buldhana. The state already has a textile park at Nandgaopeth in Amravati district. The Nandgaopeth textile park is considered to be the most promising with a capacity to attract investment worth Rs10,000 crore.

Apart from this, an integrated textile park is being set up in Hinghanghat as part of a central government scheme. The park located in 108 acres can create 2000 jobs. Eleven units have shown interest, said a source. This makes four dedicated zones for textile industries in the state.

The government is offering a slew of incentives to the sector which include VAT and stamp duty relaxations to land at low rates. In Yavatmal, land is being offered at Rs200 a square feet and Chikali-Buldhana it is for Rs80 a square feet.

Apoorva Chandra, the state's principal secretary (industries) said that the government is planning to bring all the concession available to the textile industry under one control. At present each of the incentive is governed by a different department. There are plans to bring it under one head, which in all probability would be the textile ministry. However, the government is waiting to get some clarity on the GST. If the bill is passed, changes will have to be made in the scheme.

The state has attracted investment to the tune of over Rs40,000 crore in the textile sector during the last 4-5 years.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello