You are here: Home » Economy & Policy » News
Business Standard

Now, Maharashtra woos Gujarat Inc. with textile policy

Maharashtra govt to provide 9% capital subsidy or up to Rs 9 crore, whichever is less for the infrastructure development in the proposed textile parks

Vinay Umarji  |  Ahmedabad 

After Gujarat recently unveiled its new textile policy, the state has a competition from its neighbour. Through a series of road shows, Maharashtra is wooing the industry with its new textile policy 2011-2017.

Inviting the industry in Gujarat to invest in the state, a high level delegation from the Government of Maharashtra headed by Mohammed Arif (Naseem) Khan, minister of textiles on Monday visited Ahmedabad.

Rolling out the red carpet to the textile sector of Gujarat to invest in Maharashtra, the delegation - comprising of Rajagopal Devara, secretary - cooperation and textiles, GoM; N NawinSona, director - textiles, GoM and Dilip Gawade, deputy CEO, MIDC, GoM, among others laid out the salient features and specific benefits of the New Textile Policy of Maharashtra 2011–2017.

"The businessmen from Gujarat would also be invited to invest in the proposed textile parks coming up in Maharashtra. The Maharashtra government will provide 9% capital subsidy or up to Rs 9 crore, whichever is less for the infrastructure development in the proposed textile parks," Khan said.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 10 2012. 16:45 IST