WB Govt to invest Rs 26000 cr for MSMEs, Textile; also plans to formulate separate textile policy

Kolkata, June 2 (KNN) In a major uplift for the small textile units in West Bengal, Chief Minister Mamata Banerjee informed that her government has started a plan to invest over Rs 26, 000 crore for the development of MSME and Textile sector.

She further said that the WB government is also for formulating a separate textile policy for the state.

Replying to a question in the state Assembly, Banerjee recently said that 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.

With this initiative there would be a massive improvement in the MSME sector and definitely the units like handloom, hosiery, zari and many other units, she said.

Banerjee said that in the last four years her government set up 180 MSME units covering many districts with an investment of Rs 55,740 crore.

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

With the setting up of new textile policy, the sector would also improve much faster. (KNN/SD)