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India: West Bengal introduces schemes for fabric manufacturers

  

To attract fabric manufacturers to the state, the West Bengal government has introduced a few interesting schemes. As per the schemes, companies will be granted confirmed order for fabrics from the state government. The State’s Department of Micro, Small and Medium Enterprises and Textiles informs, the government plans to purchase 50 per cent of the required uniform fabrics for at least 3 years from the units that will be set up under an expression of interest issued by the department.

The state will purchase around 6 crore meters of woven fabric every years for all students upto 8th standard. Through this scheme, the government plans to promote spinning, weaving, knitting and processing units. It will also offer incentives to the companies that wish to invest in West Bengal and has launched specific schemes like ‘Banlashree’ to offer capital and interest subsidies. It has also launched the New Power Loom Incentive Policy

 
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