The recently announced Textile Policy will attract investments of around Rs 400 billion in the next five years and generate jobs for around 1.1 million people, said the Chief Minister of Maharashtra – Prithviraj Chavan.
Mr Chavan said this after inaugurating the website of the new textile policy. Mr Mohammed Arif Naseem Khan – Maharashtra Textile Minister said the website will provide all information related to the policy to potential investors.
Mr Chavan further said, “80 percent of the cotton grown in the state is sold and processed further in other states. The policy will help in adding new cotton processing capacity, particularly in the cotton belts of Vidharbha, North Maharashtra and Marathawada”.
He also added by saying, “The investors will be provided various incentives, uninterrupted water and electricity supply”.