The West Bengal government aims to make the state’s textile industry into a Rs 70,000 crore industry in the next three to five years. Currently, the industry is worth Rs 35,000 crore. The state has also decided to set up a taskforce to implement the target. Amit Mitra, Finance and Industries Minister says, textile exports from Bengal is 2.7 per cent of the total exports from the country. In the next three-five years, this will increase to 10 per cent. The readymade garment sector in Metiabruz, currently worth Rs 15,000 crore, will increase to Rs 25,000 crore in the next few years.
The state currently employs over two lakh people and aims to focus on export of hosiery to Europe, South East Asia and the US. It will set up a spinning mill in Howrah at Jagdishpur. The state government also plans to set up a poly fiber manufacturing unit in Haldia. The total investment in the project would be Rs 500 crore. Haldia has raw materials for the polyester industry as Haldia Petrochemical (HPL) produces this.