News

Corporate Update

Maharashtra Targets ₹25,000 Crore Textile Investment Under New Policy Push

• By  Textile Excellence
• April 21, 2026

The Government of Maharashtra recently launched the Integrated and Sustainable Textile Policy 2023 to 2028. Officials expect this ambitious initiative to generate an investment of INR 25000 crore and create 5 lakh jobs. The state administration strategically aims to increase local cotton processing capacity from 30% to 80% over the next five years. Planners strictly designed four distinct equitable growth zones to ensure completely balanced regional development.

Authorities will establish six new Technical Textile Parks requiring a minimum fixed capital investment of INR 400 crore. The government also outlined definitive plans to construct 18 Mini Textile Parks requiring project investments between INR 100 crore and 125 crore per park. Businesses can readily access substantial financial support under the Maha-Technology Upgradation Fund Scheme (Maha-TUFS) program offering a 40% capital subsidy up to INR 25 crore.

Leaders heavily emphasized environmental sustainability within this progressive framework. Manufacturers setting up Zero Liquid Discharge plants receive a 50% subsidy up to INR 10 crore. Planners also deliberately provided an extra 5% subsidy to successfully empower women and minority entrepreneurs running private units.

The strategy meticulously preserves traditional craftsmanship. Officials officially recognized five traditional textiles including Paithani and Himroo to protect rich cultural heritage. State authorities expect this comprehensive policy to perfectly align the local ecosystem with the national Farm to Fiber to Factory to Fashion to Foreign vision.

Authorities will establish six new Technical Textile Parks requiring a minimum fixed capital investment of INR 400 crore. The government also outlined definitive plans to construct 18 Mini Textile Parks requiring project investments between INR 100 crore and 125 crore per park. Businesses can readily access substantial financial support under the Maha-Technology Upgradation Fund Scheme (Maha-TUFS) program offering a 40% capital subsidy up to INR 25 crore.