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13/03/2020 06:01am

MSMEs in Howrah to get investment of Rs 12,000 cr: Bengal FM

image MSMEs in Howrah to get investment of Rs 12,000 cr: Bengal FM

Calcutta, Mar 13 (KNN) The Micro Small and Medium Enterprises (MSMEs) sector in Howrah district is estimated to get an investment of Rs 12,000 crore in the coming days, said Bengal Finance and Industries Minister Amit Mitra.

While addressing a gathering, at a seminar for the Micro Small and Medium Enterprises (MSME) and Textiles sector, he also announced a list of projects which include a Rs 5,000 crore hosiery park at Jagdishpur covering 120 acres and space for 170 units.

The project is expected to provide 1 lakh employment.

“The state government is offering critical infrastructure such as access road and power supply. Around 15 acres of land is being transferred by WBSIDCL to a special purpose vehicle (SPV) for the project,” Mitra said.

As per the Mitra, the list of projects also include a logistics park being developed by the Indian arm of Hong Kong-based real estate developer ESR at Uluberia.

''E-commerce major Flipkart has taken up space at the logistics park. Rival Amazon and auto major Honda are expected to further pick up space at the park. ESR will invest Rs 600 crore and may scale up later,'' he said.

Mitra later informed that a memorandum of agreement has been signed between Biswa Bangla Marketing Corporation and Flipkart, whereby small artisans from the state will have training and a wider market access through the e-commerce platform.

The minister further said that the state government has received 669 applications for the conversion of land for industrial use and 374 applications have been granted. The area unlocked is to the tune of around 388 acres.

“The banks have been meeting up the MSME credit disbursal target and I have given banks a target to disburse Rs 90,000 crore to the MSME sector in 2020-21,” Mitra added.




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