Maharashtra says new textile incentives attract Rs 360-bn investments

Apart from the conventional textile business, the government has also offered incentives for pollution-free and eco-friendly dyeing and processing plants

The government in Maharashtra says its new textile policy has attracted investment commitments of Rs 360 billion, compared to Rs 200 billion assured for the neigbouring state of Gujarat, a ready alternative for manufacturers.

To restore Maharashtra's place as a prime hub in this regard, eroded over recent years, the state government has decided to offer a primary capital subsidy of 25-40 per cent across the value chain. Also, area-wise and sector-specific incentives, such as 10 per cent of additional subsidy and lower electricity rates for setting up units across under-developed regions.

"The state produces 8.2 million bales (170 kg each) of