Maharashtra’s textile industry has suffered ₹4,000-crore loss: MLA
The Hindu·4h ago·Fear
What Happened
Maharashtra's textile industry has suffered ₹4,000 crore in losses within one month due to the West Asia conflict, according to Samajwadi Party MLA Rais Shaikh. Bhiwandi, a major textile hub in Thane district, faces potential shutdown. Shaikh demands government financial support, warning that lakhs of workers risk joblessness if the industry collapses without intervention.
Key Entities
MaharashtraTextile industryRais ShaikhBhiwandiSamajwadi PartyThane districtWest Asia conflict