In a move to boost textile exports, Additional Chief Secretary, Co-operative, Marketing and Textiles Department, Government of Maharashtra, Sunil Porwal announced the setting up of 8 new textile and apparel parks in places like Beed, Jalgaon, Aurangabad, Buldhana, Akola, Parbhani and Jalna. Pre-approved land banks are to be marked by the end of November 2015, and interest subvention subsidy on machinery from 20 to 25 per cent and effluent treatment plants will be provided.
A report by Confederation of Indian Industry (CII) suggested that if India cuts the finance cost, eases land and environment clearances, focuses on economies of scale, infrastructure, skill development, technology development and brand promotion, then it can increase its share in apparel from US $ 60 billion to US $ 200 billion out of a total global market size of US $ 800 billion by 2025.
