Maharashtra has a good presence of industrial clusters, especially automobile, IT & ITeS, chemicals, textiles and food processing clusters and offers lucrative investment opportunities in these sectors. There is an array of components that are included in the textile policy for 2018-23 which are complemented by new textile schemes that are proposed for the same period. “In the new Textile policy 2018-23, approved in February, the department has decided to give power subsidy of Rs 3 per unit to cooperative spinning mills for three years. endstream endobj startxref To strengthen cotton, silk and wool sectors, and promote non - conventional yarn and green textile. The official said that, “In the new Textile policy 2018-23, approved in February, the department has decided to give power subsidy of Rs. There is an array of components that are included in the textile policy for 2018-23 which are complemented by new textile schemes that are proposed for the same period. endstream endobj 97 0 obj <>stream 2. H��UMk�@��t\A���DZ)%�k=��ĉDl)H2%��3+���L"��ޛy3;�v��v�a]���6�nV?77�[x�L�Kf*8.df���e��� III- Policy -2010/CR 768/IND-2, dated 22nd February, 2013. Old Policy Applicable: loan - taken before 14.02.2018 - for machinery only . Telangana is also offering well trained manpower and an attractive package of incentives under the present Telangana Textile and Apparel Policy (T-TAP). 370 cr concessions in power tariff. dirtexmah.gov.in website has launched by the State government for Maharashtra Textile units. “One of the major reasons why spinning mills incur losses is the higher power tariffs in Maharashtra compared to other States. Accordingly, it was decided to make four such significant improvements in … The textile industry in Maharashtra is set to get Rs. All Rights Reserved By Maharashtra State Co-operative Textile Federation Ltd. The Council is glad to inform you that the new textile policy of Maharashtra was unveiled by Honourable Chief Minister Shri Devendra Fadnavis recently. 6/Text-5. Maha State Textile Policy 2018 -23 Promising Investment across Textile/Apparel Value Chain By Sanjay Arora, Business Director and Disha Acharya, Consultants, Wazir Advisors Maharashtra Government recently announced its new State Textile Policy 2018 – 23, an attractive incentive package for strengthening the State’s textile and apparel value chain. The state government of Andhra Pradesh has passed electric mobility policy 2018-23 to promote eco-friendly electric vehicles. It is the first time, Textile Department is looking at strengthening the finances of the textile sector by creating a “Textile Development Fund” which would provide better infrastructure and development of the sector. Maharashtra Textile Policy 2018 - 23 Validated on 3rd Oct 2019. Investment of Rs 36 thousand crores and 10 lakhs employment generation is the most important objective of this textile policy and it will provide a new direction to the textile industry in the state . February 20, 2018 Anand Gupta 0. Maharashtra Textile Policy 2018-23 1) Who is eligible: Projects for which the long term loan has been approved for machinery under the centrally sponsored TUFS scheme from 17th Feb 2018 till 31st March 2023 ... scheme or machinery approved by the State Government. 93 0 obj <> endobj The focus is to bridge the gap in the value chain by increasing spinning mills and also help in establishment of effluent treatment plant by providing additional capital subsidy. covered under the Textile Policy – 2018 – 23 of Maharashtra State shall be eligible only for incentives other than those offered by the other State … The Maharashtra cabinet has approved a new textile policy for 2018-2023 to attract investment of Rs 36,000 crore and generate 10 lakh jobs.. Reducing power tariff and raising capital subsidy for spinning mills are two key aspects of the policy, which takes forward the ‘Make in Maharashtra’ idea to strengthen the cotton industry and silk business. We have also given subsidy to other textile … To strengthen cotton, silk and wool sectors, and promote non ... To build Maharashtra as a model state in electric vehicles and create a huge opportunity for the creation of jobs in manufacturing and service providing sectors. Maharashtra Textile Policy 2018-2023 INVESTOR TEXTILE VALUE CHAIN - The new textile policy of Maharashtra declared on 15th February 2018. III- Policy -2010/CR 768/IND-2, dated 22nd February, 2013. The state Cabinet Tuesday gave its approval to the new textile policy for 2018-2023 with an aim to attract investment of Rs 36,000 crore in Maharashtra and generate 10 lakh employment. 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