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Maharashtra to promote investment in garment sector

In its zest to boost its 'Make in Maharashtra' plans and generate employment, the Maharashtra government is working on a niche policy to promote investments in the garment and apparel sector. The policy, which is being worked out by the state industries department, will focus on setting up garment and apparel units in the cotton-growing areas of Vidarbha and Marathwada which are also known for agrarian distress and farmer suicides. Officials are of the view that the economic benefits of value-addition to raw cotton would also percolate down to the farmers while generating direct and indirect employment.

The policy will look at granting fiscal and non-fiscal incentives like land in areas held by the Maharashtra Industrial Development Corporation (MIDC), would grant FSI and allot plots for garment and apparel units in the 10 textile parks to come up in Vidarbha and Marathwada.
According to a senior state industries department official, the apparel sector is one such that is low on investments but high on manpower. The department is considering a special policy for the garment and apparel sector. He further went on to say that they would promote such industries and units in Vidarbha and Marathwada. Maharashtra already has a policy for the textile sector, and this niche, sectoral policy for garments and apparels will further boost investments.

The initiatives would benefit women as the sector employed the female folk in large numbers. India is the largest cotton producer and has the second largest textile manufacturing capacity globally with 24 pesr cent of the world's spindles and 8 per cent rotors. While contributing 14 per cent to industrial production and 4 per cent to India's GDP, the textile industry employs over 45 million people directly.

 
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