Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article


Home > Business > PTI > Report


Textile parks in Maharashtra soon

June 05, 2006 12:47 IST

Textile parks will soon come up at the country's second highest cotton producing state Maharashtra, aimed at boosting textile and apparel production in the state.

Maharashtra, which is likely to produce around 36 lakh cotton bales (one bale equals 170 kg) this year, is looking to extend its presence in apparel manufacturing and not restrict its activities to textile production.

"Textile business in the state is out of indebtedness. The entrepreneurs should add value to their trade by shifting to advanced production technology. Textile parks would be of immense help in this," Vilasrao Deshmukh, chief minister, Maharashtra said.

The parks would include end-to-end processes from spinning, weaving, garment processing to hosiery, embroidery and jet looms.

Financial institutions like Small Industries Development Bank of India and IL&FS have already evinced interest in financing such parks under a public-private partnership model.

"Maharashtra's rural economy is centered around milk, sugar and cotton. The textile business would have better prospects in the days to come," Maharahstra's Minister of State for Textiles Jai Prakash Dandekar said.

Vidarbha and parts of central Maharashtra are the main cotton growing regions in state.



© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Share your comments


Advertisement






Copyright 2006 Rediff.com India Limited. All Rights Reserved.