Maharashtra gives subsidies for solar projects
POWER & RENEWABLE ENERGY

Maharashtra gives subsidies for solar projects

The Government of Maharashtra has unveiled incentives in the form of capital subsidies to encourage the installation of solar projects by textile units in the state. These incentives are part of the Integrated and Sustainable Textile Policy, approved in June, which will be in effect from 2023 to 2028. The policy is designed to promote sustainability by providing electricity subsidies, supporting effluent treatment plants, and implementing zero liquid discharge facilities within the textile industry.

The textile and apparel industry contributes significantly to India's economy, accounting for 2.3 per cent of GDP, 13 per cent of industrial production, and 12 per cent of exports. Maharashtra plays a crucial role in textile production, contributing 10.4 per cent of the country's total output and producing 272 million kgs of yarn, equivalent to 12 per cent of India's gross production.

Under this policy, the government will provide electricity subsidies to existing textile units for two years, with a monthly cap of Rs 4 million per unit. Additionally, a capital subsidy for solar power projects will be calculated based on either 12/24 months of electricity subsidy, the installation cost of a solar project up to 4 MW capacity, or sector-specific capped amounts, depending on the textile sector.

Various textile sectors, including Ginning and Processing, Private Spinning Mills, Private Power Looms, Knitting, Hosiery, Garmenting, Textile Parks, Sericulture, and Processing, will have different capping limits for capital subsidies. Co-operative Spinning Mills and Co-operative Powerlooms will have higher caps.

The subsidies for solar projects will be disbursed in two equal installments after the project's operationalisation. New textile units or units expanding must include the solar project's installation cost in their detailed project reports, and the capital subsidy will be calculated based on fixed capital investments.

The policy also promotes the use of green technologies, such as Effluent Treatment Plants (ETP), Common Effluent Treatment Plants (CETP), and Zero Liquid Discharge (ZLD), with capital subsidies and support. Recycling projects will receive subsidies as well.

The government aims to encourage sustainability in the textile industry while facilitating the transition to renewable energy sources through these initiatives.

The Government of Maharashtra has unveiled incentives in the form of capital subsidies to encourage the installation of solar projects by textile units in the state. These incentives are part of the Integrated and Sustainable Textile Policy, approved in June, which will be in effect from 2023 to 2028. The policy is designed to promote sustainability by providing electricity subsidies, supporting effluent treatment plants, and implementing zero liquid discharge facilities within the textile industry.The textile and apparel industry contributes significantly to India's economy, accounting for 2.3 per cent of GDP, 13 per cent of industrial production, and 12 per cent of exports. Maharashtra plays a crucial role in textile production, contributing 10.4 per cent of the country's total output and producing 272 million kgs of yarn, equivalent to 12 per cent of India's gross production.Under this policy, the government will provide electricity subsidies to existing textile units for two years, with a monthly cap of Rs 4 million per unit. Additionally, a capital subsidy for solar power projects will be calculated based on either 12/24 months of electricity subsidy, the installation cost of a solar project up to 4 MW capacity, or sector-specific capped amounts, depending on the textile sector.Various textile sectors, including Ginning and Processing, Private Spinning Mills, Private Power Looms, Knitting, Hosiery, Garmenting, Textile Parks, Sericulture, and Processing, will have different capping limits for capital subsidies. Co-operative Spinning Mills and Co-operative Powerlooms will have higher caps.The subsidies for solar projects will be disbursed in two equal installments after the project's operationalisation. New textile units or units expanding must include the solar project's installation cost in their detailed project reports, and the capital subsidy will be calculated based on fixed capital investments.The policy also promotes the use of green technologies, such as Effluent Treatment Plants (ETP), Common Effluent Treatment Plants (CETP), and Zero Liquid Discharge (ZLD), with capital subsidies and support. Recycling projects will receive subsidies as well.The government aims to encourage sustainability in the textile industry while facilitating the transition to renewable energy sources through these initiatives.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?