Textile policy for WB

A Separate Textile Policy For WB

Textile policy for WBWest Bengal chief minister, Mamata Banerjee has said that a separate textile policy is being formulated for the state and her government had initiated a plan to invest over Rs 26,000 crore for the development of MSME and textile sector.

Replying to a question in the state Assembly, Banerjee said under the plan MSME projects would be set up in joint ventures or through PPP model creating employment opportunities for six lakh people in the state. The government had earlier generated employment of 4.56 lakh people in the MSME sector in the last four years.

With this initiative there would be a massive improvement in the MSME sector as well as handloom, hosiery, zari and many other units. In the last four years her government set up 180 MSME units covering many districts with an investment of Rs 55,740 crore, she said.

Describing development as a continuing process, the chief minister said her government has established synergies and offered comprehensive package to the investors in the MSME and textile sector.

About the proposed textile policy Banerjee said, it would help textile sector improve much faster.
The state government is committed to promote MSMEs in the state by creating a sustainable financial ecosystem for the sector. Considering the rapid growth of MSMEs in the state, the MSME and textiles department has already launched a Rs 200-crore venture capital fund.

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