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Maharashtra unveils policy to faucet international investments

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In the presence of Chief Minister Devendra Fadnavis, the Maharashtra government unveiled its new textile policy at the Make In India Week. The aim of the policy is to faucet big-ticket investments, not just local but even global.  The policy is based on the theme ‘Cotton to Cloth, Farm to Fashion’.

The policy, which promises incentives of upto 25 to 30 per cent to self-financed investors, is aimed at providing better financial remuneration to the three lakh farmers in the cotton belt spread across 14 districts of Maharashtra.

The government decided to set up at least 20 textile hubs across the cotton growing districts of Vidarbha, Marathwada and north Maharashtra. Fadnavis said, “We are emphasising on investments to strengthen the linkages that would take into account the farmer who produces cotton to spinning of yarn to ready-made garments in industrial units, complete with innovative design and marketing.”

 

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