To attract investments, Maharashtra has rolled out a red carpet for the Gujarat textile sector. State textile minister Naseem Khan plans to lead a high level delegation to Ahmedabad in May to ask the textile industry in Gujarat to invest in Maharashtra in order to take the benefit of the newly released textile policy and the sops offered for development of textile parks in the state.

Maharashtra textile policy offers a 10 per cent capital subsidy for new textile projects in Vidarbha, Marathwada and north Maharashtra, and 12.5 per cent interest subsidy on long-term loans linked to centrally-sponsored Technology Upgradation Fund Scheme for new projects.