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Maharashtra to moot new textile policy, invest Rs 80,000 cr

The Maharashtra government is set to float a new textile policy, through which it would invest Rs 80,000 crores in the next five years in the textile sector. This would develop around the concept, ‘fabric to fashion’. BJP MLA, Suresh Halwankar from Ichalkaranji, who is the architect of the policy has stated that the cotton producing state will also become the producer of readymade garments, which is a first. Currently, the clothing industry from cotton to fabric to ready-to-wear clothes is scattered across the country. The new policy is being floated as transportation costs are increasing the cost of products while delivery time is also high.

A presentation to this effect was made by Halwankar before the CM Devendra Fadnavis, textile minister Chandrakant Patil, et al. The government has accepted the proposal in-principle and is chalking out a road map to implement it. The new policy is set to change the situation as the state will process its cotton within its domain and the ready-to-use cloth will also be produced in the state. Also, the government will assist financially through subsides with low interest, will identify locations and acquire land for setting up all types of units. Moreover, the power ministry will ensure sufficient power supply, while the labour ministry will organise skill development sessions and workshops, he added.

 
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