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New textile policy for West Bengal

The government of West Bengal has finalized its textile policy, industrial policy, and micro, small and medium enterprises (MSMEs) policy. Under its textile policy, the government will set up Spinfed Holding company by bringing all state-run mills under one umbrella.

The government also proposes to set up a mega powerloom park spread over 100-acres in Belur, and an Indian Institute of Handloom Technology in Nadia. Mamata Banerjee, Chief Minister of the state said the government would set up 200 handloom clusters across the state, with an average of 10 clusters in each district. She added, “The government’s target is to create 10 million new jobs in the textile sector over the next 10 years.” 

Banerjee said that setting up industries under the public-private-partnership (PPP) mode is welcome, but government incentives would be based on factors like employment generation and production. Under its industrial policy, the state is targeting creation of 6.6 million jobs over the next five years. The MSME policy envisages special concessions to cooperatives and self-help groups, and setting up of clusters in all districts of the state.

 
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