This policy, approved by the state cabinet on Tuesday, will be in effect from 2023 to 2028. Its objective is to create 500,000 jobs in the sector within this time period.
Deputy chief minister Devendra Fadnavis shared insights on the policy via a tweet. He articulated the policy's aim as, "Farm to Fibre to Factory to Fashion to Foreign". This approach is designed to boost cotton processing from the current 30 per cent to 80 per cent.
With Maharashtra being one of the top cotton producers, its cotton is largely bought by spinning mills from other states due to local mills having limited processing capacities. Maharashtra is known for weaving and processing.
Furthermore, the policy plans to establish the Maharashtra State Textile Development Corporation (MSTDC), a dedicated body for backing schemes for the sector. It also intends to set up six textile parks across the state.
In addition to industrial expansion, the policy also aims to safeguard indigenous textiles of the state such as Paithani, Himru, Karvat Kathi, Khana, and Ghongadi. To support the artisans of these traditional fabrics, the government will offer financial assistance. Female weavers will receive ₹15,000 and male weavers ₹10,000 annually. Moreover, the state government plans to launch a programme providing a free saree annually to every family living below the poverty line (BPL) in the state.
ALCHEMPro News Desk (KUL)
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