The Government of Maharashtra on June 02, 2023, issued the Integrated and Sustainable Textile Policy of the State 2023-28.
The Integrated and Sustainable Textile Policy and all its related schemes will come into force from June 02, 2023, and will remain valid till March 31, 2028. If the new policy is not formulated by March 31, 2028, then this policy will remain in force for a maximum period of 1 year.
The Objectives of Integrated and Sustainable Textile Policy 2023 2028 are as stated:
• To increase the processing capacity of cotton produced in the state from 30 percent to 80 percent in the next 5 years.
• To promote state-of-the-art infrastructure and technological advancements to boost the textile value chain in the state.
• The policy envisages attracting investment of Rs 25,000 crore and creating up to 5 lakh jobs in the next years.
• Emphasis on women’s empowerment by encouraging women’s entrepreneurship.
• Emphasis on skill development and capacity building to develop skilled manpower and create additional employment opportunities.
• Measures to be a leader in the technical textile sector, including developing six (6) Technical Textile Parks in the state.
• Encouraging research and development and developing and strengthening the value chain.
• Creation of Maharashtra Technical Textiles Campaign to promote the technical textile sector.
[Government Decision No. Policy 2023/P.No.81/Tex-5]
