News >> Maharashtra to develop integrated textile park at Malegaon

Maharashtra to develop integrated textile park at Malegaon

Investors to get capital subsidy, MIDC to develop common effluent treatment plan

Maharashtra government will develop an integrated textile park on the sprawling 345 hectare of land in Malegaon. The government took a decision to hand over the land to the state undertaking Maharashtra Industrial Development Corporation (MIDC) on Thursday.

 State industries minister Subhash Desai told DNA, "The proposed park will be developed on the theme of Cotton to Cloth, Farm to Fashion. The integrated textile park will house units from weaving, spinning, garmenting segments. The investment of Rs 1 lakh crore is expected, and 10,000 jobs will be created there.''

 He also informed that the objective is to strengthen linkages that would take into account farmers who produce cotton, to spinning of yarn, to ready-made garments in industrial units, complete with innovative design and marketing. The MIDC will develop common effluent treatment plant at the Malegaon integrated textile park.

Desai said investors will get both physical and fiscal incentives envisaged in the state's textile policy. The government's strategy is to ensure increased participation by the investors in the state's textile industry.

The capital subsidy is given to self-financing textile projects — spinning mills, cotton ginning, processing and printing units, which will get 35 per cent capital subsidy, technical textiles and composite units, which will be given 30 per cent capital subsidy, and powerlooms and other textile related units, which will get 25 per cent capital subsidy. The state government has already reduced the premium on MIDC land to encourage investors to invest in these parks.

Similar integrated textile parks were proposed at Amravati, Majalgaon, Chikhli, Akola, Naldhana, Parbhani, Yavatmal, Aurangabad and Nanded.

(Source: Sanjay Jog, DNA, July 31, 2017)