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

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>>

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9/04/2012 | 0 comments

Maharashtra textile policy

The state’s first ever textile policy aims at generating employment for 12 lakh persons, offering subsidy to powerloom and handloom industry and ensuring that cotton is processed entirely in the state. A presentation of the policy was made before Chief Minister Prithviraj Chavan on Saturday. It will be submitted for the approval of the state cabinet this month.

“The policy aims at promoting handloom, powerloom industry in the state. They will be given subsidy, especially in Vidarbha and Marathwada districts where cotton in grown in large amounts,” Textiles Minister Naseem Khan said.

Officials said the state produced 92 lakh bales of cotton, most of which is sent to the adjoining Madhya Pradesh and Gujarat for processing. The aim of the textile policy is to ensure that the entire cotton produce in the state is processed locally.

The co-operative and private sectors will be encouraged to process cotton in regions where it is grown in large amounts. As many as 17 districts have been identified as main cotton growing regions and the government aims at encouraging processing units in these districts. It also hopes to generate revenue and employment.

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7/03/2011 | 0 comments

Farmer want no cap on Cotton export

A delegation of Farmers from Maharashtra will be meeting Mrs.Sonia Rajiv Gandhi on May 20, during the meeting the farmers are expected to demand lifting of cotton export ban. The farmer believe that export of cotton could get a better price for cotton. The farmer allege  Mr.Maran, union textile minster for the sudden fall of cotton prices, further added that he devised a suitable export policy for the benefit of the south Indian textile units. The farmers have said that if demands are not adequately met, they would launch a protest against the government

In case of any protest from the farmer, the government will certainly be in a pressure to lift the ban or cap on the cotton exports, if export policy not framed with care will lead to another demand and supply mismatch in the domestic market ultimately leading to a yarn price hike.

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5/15/2011 | 0 comments