‘Relax land cap to boost textile growth’
Despite Chief Minister Mamata Banerjee's insistence on adopting a hands-off policy for land acquisition, business groups have been repeatedly telling her to make some relaxations in the land policy. The latest being FICCI, which in its suggestion to the chief minister, for the textile industry, advised that the government should relax the provision which prevents industry from holding a more than 24 acres of land.
The suggestions in the form of Vision 2022-23 outline a ten-year roadmap for re-developing the textile industry in the state. FICCI has sought power subsidy of Rs 1.5 per KWH to encourage investments in textiles. The units which want to set up captive power plants, it said, should be given assured supply of coal linkages for a period of seven years. FICCI stated, "To ensure balanced development, the government would reimburse 25 per cent of the land cost, including acquisition charges, if the industry unit is set up in designated zones."
"It's a good textile policy," said Industry Minister Partha Chatterjee on Wednesday.
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