Textile hub plan gets a boost.

The state government’s ambitious textile sector development project in cotton-growing Vidarbha, Marathwada and North Maharashtra got a boost with big players pledging Rs. 3,700 crore investment to generate jobs for 12,700. Many more projects are in the pipeline.

Sources revealed that in six months, the government is confident of creating jobs for almost a lakh people in Vidarbha and Marathwada.
Efforts to provide competitive power tariff is under way. The government has promised adequate land under MIDC to restore confidence of industries willing to make big investments in the cotton belt grappling with farmers’ suicide and poor economy.

Recently, Raymond Industries Ltd. signed an investment of Rs 1,500 crore to generate employment up to 7,500.

Chief Minister Devendra Fadnavis told the state Assembly, “The
government has offered the letter of intent to Raymond Chairman Gautam Singhania to set up textile project at Nandgaon Peth in Amravati.”

The project will be developed on 500 acres.

THE INDIAN EXPRESS