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Maharashtra govt woos investors for Nandgaon mega textile park

Updated: Aug 03, 2015 04:40:30pm
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Mumbai, Aug 3 (KNN) The Maharashtra Textile Department and Industries Department called for investment in its recently inaugurated mega textile park Nandgaon Peth in Amravati district.

As per the state textile policy, the Maharashtra Industrial Development Corporation (MIDC) initiated project will have benefits of 10 per cent capital subsidy and up to 7 per cent subsidy. It has seven stars facilities including common effluent treatment plant (CETP).

“India’s one-stop textile destination for investors, Nandgaon Peth in Amravati, Vidarbha is ready with an all-inclusive textile park providing seven star facilities to make your business successful. Come, invest and take the benefits of our proactive textile policy,” said a notification.

It also has other benefits like industrial promotion subsidy, stamp duty and electricity duty exemption incentives by industries department.

Chief Minister Devendra Fadnavis laid the foundation stone for starting additional facilities for textile park on May 21, 2015. The mega park houses A to Z support structure in textile manufacturing.

At present, 500 hectors land is acquired and out of that 100 hectare are allotted. Till date, one project is operational, two are under construction and other projects are in progress. (KNN Bureau)

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