The Textile industry in the state economic structure occupies an important place
State of Maharashtra is..
having 3.5 million hectares of cotton cultivations
producing 6.7million bales per annum(second highest in country)
3.96 million installed spindles
10.054 million installed rotors
production capacity of 368.45 million kilograms of spun yarn
339.51 million kilograms of man-made filament yarn
10.14 lakh power looms
power looms -producing about 10123.78 million meter cloth per annum direct employment to 2.00 million people
In addition to this, there are 30000 handlooms in the state.
These handlooms are deeply rooted to the tradition and heritage of the state.
In fact, these handlooms are structurally weak but traditionally strong
Incentives given by the government Special capital incentive The Interest Subsidy Sectorial Initiatives scheme of N. C. D. C Rehabilitation scheme NABARD for capital incentive supply electricity to the power loom holders at concessional rate. Housing For Textile Workers
IT INDUSTRY ABOUT IT IN MAHARASTRA…. 369 private IT Parks are in progress 55/369 Parks have already been set up, generating employment for 1.27 lakh persons. Generates > 6.62 lakh new jobs ,when remaining completed Maharashtra is one among the top three States in IT exports.(inc by 135%) The growth rate of FDI in the State’s IT sector has been the highest in the country.
Incentives Additional FSI and other benefits for IT Parks exempt from payment of Electricity Duty Level of exempt of Stamp Duty depending on the size and location . Property tax shall be levied on IT-ITES units at par with residential rates.
Land Utilisation Pattern Area fig. in “00’ ha.
INCENTIES: Maharashtra Agriculture Productivity ImprovementCampaign (MAHPIC) Farmer Field Schools To sanction loans @ 6% Soil health improvement project Efficient use of Water Increasing Seed Replacement rate To increase fertilizer use efficiency Plant Protection Debt Relief Scheme
Maharashtra: The Preferred Industrial Investment Destination due to its….
13% contribution of national GDP
Percaptia income of 19% which is higher than country percaptia income
Its 96.88 million people (9.4 % of country’s population) produce over 19% of the
country’s National Output
forefront of economic development
and is often called the economic powerhouse of the country.
Policies of the govt for the support to industires
Industrial Promotion Subsidy:
New SSI/MSI/LSI (including IT/BT) units Expansion units
Special Incentives for Units coming up in Districts low in HDI:
Exemption from Electricity Duty:
Waiver of Stamp Duty:
Refund of Octroi / Entry Tax in lieu of Octroi
Octroi Exemption on Raw Material
Modification of seed money scheme
From all these polices , we can decide Maharashtra is the right place for entrepreneurs