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Maharashtra claims Rs 2400 cr investment in textile sector – reports times of India

Written By Views maker on September 04, 2012 | 9/04/2012

Textiles minister Naseem Khan claimed the Maharashtra government's new textile policy had helped in attracting investments to the tune of Rs 2400 crore in this sector.
The state and Centre had approved 263 textile projects which will provide employment to nearly 18,000 people in the state, he said. Khan said the government now plans to hold road shows in Gujarat to attract the state's textile magnets to set up plants in Maharashtra.
Gujarat has a highly flourishing textile industry. Though Maharashtra is the largest cotton producer in the country, an absence of an effective textile policy meant that over 80% of the cotton is exported to neighbouring states for processing. <<this is a Times of India article, click to view it>>