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Ficci tips for textiles

Calcutta, Dec. 19: Industry association Ficci has submitted a twenty-point agenda to the Bengal government to revive the textile industry and double the state’s share in the sector to 10 per cent from 5.24 per cent by 2022-23.

It has recommended a reduction in the transaction cost, besides the allocation of land for textile parks when more than 10 industry units express interest to set up one.

Bengal’s textile sector has to grow 17.2 per cent per annum to reach $21.5 billion from $2.9 billion. This is likely to employ at least 10 million people.

In its Vision 2022-23, Ficci noted that the state was still lagging behind Karnataka, Gujarat, Tamil Nadu, Haryana, Maharashtra and Rajasthan. The textile policy for 2007-12 has not helped the sector to realise it potential.

The industry body has proposed a power subsidy of Rs 1.5 per kwh (kilowatt hour). The reimbursement of 25 per cent of the cost of land, including acquisition charges, for units in designated zones has also been recommended.

Ficci wants the state to provide additional support to parks for infrastructure such as roads, power and water supply. The exemption of entry tax on plant, machinery and procurement of fibres and yarns has also been recommended.

The need for skill development through viability gap funding and direct assistance by the government for setting up institutes by the private sector has been highlighted.

Ficci has suggested that the state provide 50 per cent of the project cost, or Rs 5 crore, whichever is less, for a common effluent treatment plant in textile clusters along with a 5 per cent capital subsidy and a 6 per cent interest subsidy.

Freight subsidy to units in backward regions should also be considered.

 
 
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