The West Bengal Hosiery Association (WBHA) is set to inject Rs 400 crore into its expansion plans in the upcoming fiscal year, to bolster its capacity through the establishment of additional hosiery parks across the state. Pradeep Arora, Secretary of WBHA, revealed these parks will collectively span 20 lakh sq ft in West Bengal, as he shared this vision during a session at the seventh Bengal Global Business Summit.
HK Dwivedi, another speaker at the summit, emphasized the pivotal role of Medium and Small Scale Industries (MSMEs) in rural areas. He called for enhanced access to credit, simplified compliance regulations, and expedited project approvals to fortify these industries. Dwivedi urged chambers of commerce to collaborate with the government in addressing obstacles faced by MSMEs, underscoring their significance in fostering economic growth.
N G Khaitan, President of Bharat Chamber, lauded the government's initiative to expedite land allotments within a 15-day timeframe. He also commended the establishment of specialized industrial parks dedicated to promoting the garment and hosiery industry.
Vinod Kumar Gupta, President of WBHA, expressed appreciation for the West Bengal Textile Incentive Scheme 2022. He highlighted the scheme's potential to optimize resources, generate new employment opportunities, broaden the government's influence in the textile industry, and position West Bengal as a primary investment destination in the Indian textile sector.