SMEs are the industrial future of Bengal, says Assocham

SME

With land being the biggest challenge for setting up large industries in West Bengal, future industrial growth of the state would be driven by the small and medium sector which also has large potential for generating employment, industry chamber Assocham said today.

"Land is a challenge in West Bengal. Large-scale units need huge tracts of land. So, the only way out is to promote the growth of small and medium enterprises which also do have a big employment potential," Assocham National Vice-President Sunil Kanoria said.

The state also has less non-fertile land compared to others where most of the land was barren, Kanoria told reporters here ahead of the chamber's managing committee meet.

Kanoria said, "Assocham had suggested that industrial estates be set up to house small and medium units and the Centre should grant exemption of minimum alternate tax and dividend distribution tax to the facilities located within.

The chamber said that the West Bengal government could also extend tax incentives which might include interest subsidy and drawback on electricity duty.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus