Focus on job-creating textile sector: MP CM Shivraj Singh Chouhan

The Madhya Pradesh government is providing customised incentives for the employment-oriented textile and garment sector, Chief Minister Shivraj Singh Chouhan has told Business Standard. The state will showcase the sector at the upcoming Global Investors Summit to be held in Indore.

Madhya Pradesh offers a 5 to 7 per cent interest subsidy on loans for machinery, rebates on discounted tariff, infrastructure development help, etc. 

According to the government data, the state accounts for 43 per cent of India’s and 24 per cent of world’s organic cotton production. The state has witnessed a 60 per cent compound annual growth rate in