As the proposed new textile policy is still under consideration in Maharashtra, the state has extended the existing textile policy for 2018-2023. It will remain in place till the new one is approved.
The State Government has issued a notification in this regard.
The textile industry in the state is unhappy with the delay in the new textile policy being finalised and the industry has raised several concerns regarding the current policy and called for reforms, which will now have to wait.
As per media reports, the State Government has prepared the draft of the new textile policy and its presentation has been made before the Chief Minister and the Deputy CM.
The policy is likely to have some prescriptions for the contentious issue of subsidies with regard to setting up of new units, expanding the existing ones and power supply. The State Government has formed a 23-member committee to draft the new policy. The committee has also been asked to look into the achievements and the shortfalls of the 2018-23 policy.
It is pertinent to mention here that Maharashtra contributes nearly half of the textile production of the country. In the 2018-23 policy, the aim was to add 10 lakh new jobs to the sector and secure an investment of Rs. 36,000 crore.
Bharat Tex Special Report 2026 
