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Maharashtra Govt. Plans Textile Hub in Vidharbha

 
Raj Narayan's picture
Tags: textiles
Maharashtra Govt. Plans Textile Hub in Vidharbha
The state plans to set up 14 textile parks that would provide gainful employment for 14,000 people with investments to the tune of Rs.16,000 crore.

Nagpur, November 28: The Department of Textiles in Maharashtra plans to provide packages to develop the Vidharba region with a projected investment of over Rs.1,800 crore with the aim to generate more than 15,000 jobs. 

Published reports quoting State Textiles Minister Mohd. Arif Naseem Khan said as of now there are 500 textile units functioning from the region, mainly from Nagpur, while other units related to diverse industries are being planned. 

The state plans to set up 14 textile parks that would provide gainful employment for 14,000 people with investments to the tune of Rs.16,000 crore. 

Textile parks in the region boast of 580 units with an investment of Rs 3,931 crore with the state government starting an on-line process for release of subsidy to the investors.

The textile policy, unveiled last year, offers subsidy to units coming up in the farmers' suicide-hit Vidarbha region, besides Marathwada and Khandesh. 

The state produces around 90 lakh bales of cotton every year from Vidarbha, Marathwada and Khandesh areas. While some of it is consumed by industry within the state, the rest is procured by units outside the state or is exported, sources said.