Maharashtra gets 1,331 projects worth Rs 12,000 cr under new textile policy
Updated: Mar 05, 2014 02:37:29pm
Mumbai, Mar 5 (KNN) Maharashtra government has received 1,331 projects under the new textile policy attracting investment worth Rs 12, 000 crore, state Textile Minister Mohammed Arif Naseem Khan has said, adding that a few of the projects are in the pipeline.
Khan said this while addressing a press conference here yesterday.
There are ten textile parks and Rs 51 crore capital subsidy has been given for them while Rs 16 crore interest subsidy has been disbursed to 50 projects.
"With the delinking of Technology Upgradation Fund Scheme (TUFS) from the policy, we expect to meet the target of Rs 40,000 crore investments sooner than the five year time frame.
"The state government is satisfied that despite global economic meltdown, in one and half years, investment of Rs 12,000 crore has come," he said.
"Ten per cent capital subsidy will be given to cotton growing regions of Marathwada, Vidarbha and North Maharashtra and 7 per cent interest subsidy to the entire state for spinning mills, garmenting, ginning, pressing and processing units; six per cent for technical textile units and another six per cent for composite units. The state can get direct proposals without having to wait for the UID numbers," he added. (KNN/SD)
Khan said this while addressing a press conference here yesterday.
There are ten textile parks and Rs 51 crore capital subsidy has been given for them while Rs 16 crore interest subsidy has been disbursed to 50 projects.
"With the delinking of Technology Upgradation Fund Scheme (TUFS) from the policy, we expect to meet the target of Rs 40,000 crore investments sooner than the five year time frame.
"The state government is satisfied that despite global economic meltdown, in one and half years, investment of Rs 12,000 crore has come," he said.
"Ten per cent capital subsidy will be given to cotton growing regions of Marathwada, Vidarbha and North Maharashtra and 7 per cent interest subsidy to the entire state for spinning mills, garmenting, ginning, pressing and processing units; six per cent for technical textile units and another six per cent for composite units. The state can get direct proposals without having to wait for the UID numbers," he added. (KNN/SD)
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