The Maharashtra Government has planned to rope foreign investors to join private sector to provide a much needed booster shot to the closed mills and those undergoing liquidation. All this is being done to give the spinning mill industry in Maharashtra a boost.
Apart from starting new mills, the government has also considering various means to modernize and re-start already shut down mills and those under liquidation by co-operating with the private sector.
Importance would be given to rejuvenate the closed or under liquidation spinning units with a concessional rate of finance. At last count there were 28 such mills in the state.
Textile Minister Mohammed Arif Naseem Khan, said, “The arrangements shall be made with the co-ordination of the Maharashtra Electricity Distribution company for uninterrupted supply of electricity and possibilities shall also be worked out to make financial tie-up in this regard under the prevailing schemes of the centre. For speedy implementation of the erection programme of spinning mills, priorities in credit linked fund allocation shall be made in assessment to the progress in civil work and working spindles.
He added, “The power loom sector in the state requires 1012.38 million kilogram of yarn. The spinning mills under the co—operative sector are just producing 1.20 million kilogram of yarn per annum, which is 10 per cent of the total requirement of yarn by the power loom sector. Thrust would be given on establishing spinning mills in cotton cultivation areas like Vidarbha, Marathwada and North Maharashtra. Contract farming linkage shall be promoted.”
“To promote Ginning, Pressing activities including in existing units mainly in cotton cultivation areas of Northern Maharashtra, Vidarbha and Marathwada, credit-based capital incentive/subsidy including concessions in any area wherever needed, a special measure shall be taken up,” he said.
The Minister also added, “Cotton growing areas of Vidarbha shall be taken up on priority and 100 acre land shall be provided to start the integrated activities by establishing textile parks. The state government is keen to strengthen the handloom sector as well. It plans to tie up with marketing chains like Reliance retail, Big Bazar, Fab India, India bulls, and also rope in National Institute of Fashion technology and Weavers Service Centre into the production activities of the handloom sector.
Khan added, “There are 30,000 handlooms in the state. In the era of competition, these handlooms are finding it difficult to survive.”
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