Mitra, Retail News, ET Retail

Davida Erdahl

Kolkata: West Bengal has established a concentrate on to make textile a Rs 70,000crore business in the subsequent 3-five many years. Now, the textile business in the state is well worth Rs 35,000 crore. The concentrate on was established by state finance and industries minister Amit Mitra at an interactive […]

Kolkata: West Bengal has established a concentrate on to make textile a Rs 70,000crore business in the subsequent 3-five many years. Now, the textile business in the state is well worth Rs 35,000 crore. The concentrate on was established by state finance and industries minister Amit Mitra at an interactive session termed ‘West Bengal Textile & Attire Meet’ on Friday.

WBIDC chairman Rajiva Sinha claimed that the state has also made the decision to established up a job drive to carry out the concentrate on.

Mitra pointed out that the possible of export from West Bengal is considerably better than what it is now. “We have to take the export from the state into a new trajectory,” he added.

In accordance to Mitra, the textile export from Bengal is two.seven% of the whole export from the place. He feels that in the subsequent 3-five many years, this must go up to 10%. The possible of textile business in India is pegged at $three hundred billion by 2024.

The finance and industries minister discussed that the core competence of the state in the parts of textile are hosiery, agro textile, readymade clothes, power loom and silk sector. “The readymade garment sector in Metiabruz itself is well worth Rs 15,000 crore and it must be Rs 25,000 crore in the subsequent couple many years.”

Elaborating on hosiery, he claimed that it employs above two lakh persons and there must be a thrust on export of hosiery to Europe, South East Asia and the US.

Commenting on Nungi textile hub, he added that perform for the job has currently started out and it would attract investment decision of Rs 440 crore.

Later on, Sinha claimed that the first spinning mill in Howrah would come up at Jagdishpur in Howrah.

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The state authorities has bought a proposal for location up a poly fiber producing device in Haldia. The whole investment decision in the job would be Rs 500 crore. He pointed out that this is time for blended yarn and Haldia has uncooked material for the polyester business as Haldia Petrochemical (HPL) generates this.

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