Maharashtra government has decided to set up textile parks in Vidarbha region through Maharashtra Industrial Development Corporation (MIDC).
The government has allocated 500 acre of land to Raymond Group for setting up a textile unit at Nandgaon Peth in Amravati district; 102 hectare of land collectively to Shyam Indofab; VHM Industries, Suryalaxmi Cotton Mills and Siyaram Silk Mill at a total investment of Rs. 1500 crore.
Apart from Nandgaon Peth, the textile parks will also come up at Yavatmal, Chikhli (Buldana), Jamner (Jalgaon), Kannad (Aurangabad), Selu (Parbhani), Bhaler (Nandurbar), Malegaon (Nashik), Krishnur (Nanded) and Majalgaon (Beed).