The Maharashtra Chief Minister, Mr. Prithviraj Chavan, has said that the new textile policy, which aims to get Rs. 40,000-crore investment in the next five years will boost the sector in a big way.
Speaking after inaugurating a website of the new policy, Mr. Chavan said 80 per cent of the cotton produced in Maharashtra is taken to the neighbouring States for processing.
“The new textile policy aims to improve the situation by providing incentives to the textile units in Vidarbha, Marathwada and North Maharashtra, so that employment opportunities are improved,” he added.
The investors will be provided uninterrupted water and electricity supply and other incentives, he said adding that the policy will see employment opportunities to 11 lakh people.
The State Textiles Minister, Mr. Mohammed Arif Naseem Khan, said the new website would provide all information to investors about the policy and major Government decisions.