New Textile Policy for Maharashtra

New Textile Policy for Maharashtra

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The Maharashtra government will announce a new textile policy by the end of March 2018 to attract investment in the sector and stop existing factories in the state from shifting to other major cotton-growing states, particularly Gujarat. The state has decided to develop textile parks at Amravati, Yavatmal and Nagpur and a manufacturing hub at Solapur.

Solapur is set to become a major sourcing hub of school and corporate uniforms in India and global buyers and sellers are being invited to participate in an exhibition in Solapur between January 27 and 29, according to media reports from the state.

Tamil Nadu, Karnataka, Andhra Pradesh and Telangana have already announced many incentives for textile units. Gujarat too renewed its textile policy from October 1 last year.