west-bengal-news

Mamata announces fresh sops for industry

Kolkata, Aug 29 : Announcing the West Bengal industrial policy, Chief Minister Mamata Banerjee Thursday said industries would be provided incentives based on production and job creation.


The new system would replace capital subsidies.

"We have decided to give tax benefits and other incentives on production basis. The more is the production and job creation, the industry would be entitled to get tax sops and other incentives," Banerjee told mediapersons here.

Advocating the new incentive scheme, Banerjee said: "Under the capital subsidy scheme, there has been cases where despite getting incentives, projects have not materialised causing loss to the government."

She said her government was targeting for manufacturing growth rate of 20 percent in the next few years from the "4.5 percent during 2010-11", and creation of 6.6 million jobs in the next five years.

Banerjee also said micro, small and medium enterprises (MSME) clusters would be set up in all districts to rev up the sector.

"Our target is create one crore jobs under the sector and to achieve that we have initiated a number of initiative to help the MSME sector to flourish," said Banerjee.

Announcing the textile policy, she blamed the previous regime for neglecting the sector and said the government has devised special incentives to revive its fortune.

"Along with providing a number of incentives and benefits we would be setting up 200 textile clusters across the state. Our target is to create one crore jobs under the sector in the next 10 years," added Banerjee.

--IANS (Posted on 29-08-2013)

west-bengal-news headlines

Kolkata doctor sent to custody in Tripura for cheating

Saradha scam: Mamata demands arrest of union minister's wife

Rahul launches all-out attacks on Modi, Mamata

Three dead, 504 incidents of poll-related violence in Bengal

EC seeks report on Arms Act case against Babul Supriyo

CBI should probe Saradha as Mamata shielding scamsters: Rahul

Opposition accuses Mamata of inciting violence

Kolkata doctor in Tripura police custody for cheating

Mamata government shielding scamsters: Rahul Gandhi

West Bengal: TMC workers allegedly kill CPI-M activist

Now explosives found near rally venue, Mamata claims murder conspiracy

Mamata accuses opposition, media of conspiring to malign Trinamool

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top