ENA State 2025-10-15 15:51:27 <p><span style="font-size:14px"><strong>Mumbai, Oct 15 (KNN) </strong>The Maharashtra government has approved the Bamboo Industry Policy 2025, aiming to establish the state as a national leader in bamboo-based industries and sustainable farming.</span></p> <p><span style="font-size:14px">The policy, cleared at a cabinet meeting chaired by Chief Minister Devendra Fadnavis, targets an investment of Rs 50,000 crore and the creation of over five lakh jobs in the next decade.</span></p> <p><span style="font-size:14px">Over the next five years, the state plans to develop 15 bamboo clusters, with major hubs in Amravati and Bhandara, which already have strong production bases.</span></p> <p><span style="font-size:14px">The initiative seeks to provide farmers with a sustainable alternative to cash crops, aligning with the National Bamboo Mission and Maharashtra Mission 2023. With its vast cultivable wastelands and favourable climate, Vidarbha is expected to play a central role in this transformation.</span></p> <p><span style="font-size:14px">Currently, Maharashtra ranks third in bamboo cultivation nationwide, covering 1.35 million hectares and producing 9.47 lakh tonnes annually. Experts estimate production could surge to 157 lakh tonnes with better land utilisation.</span></p> <p><span style="font-size:14px">A budget of Rs 1,534 crore has been allocated for implementing the policy (2025 30), while Rs 11,797 crore is earmarked for long-term bamboo development.</span></p> <p><span style="font-size:14px">For FY2025 26, Rs 50 crore has been sanctioned to kickstart implementation. The government will also establish anchor units and common facility centres (CFCs), including micro-CFCs in rural areas to aid artisans and craftsmen.</span></p> <p><span style="font-size:14px">The policy includes a Rs 4,271-crore project, supported by the Asian Development Bank, to promote farmer producer organisations (FPOs) through training and subsidies.</span></p> <p><span style="font-size:14px">Incentives such as interest and power subsidies, stamp duty concessions, and a Rs 300-crore venture capital fund will support startups and MSMEs in bamboo innovation.</span></p> <p><span style="font-size:14px">With the global bamboo market projected to reach USD 88.43 billion by 2030, Maharashtra aims to secure a strong foothold in the expanding green economy &mdash; with Vidarbha at its core.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43805 https://knnindia.co.in/news/newsdetails/state/maharashtra-unveils-rs-50000-crore-bamboo-industry-policy-to-create-5-lakh-jobs 2025-10-15 15:51:27 knnindia.co.in