Banks urged to lend more to West Bengal
Manas Bhuniya, West Bengal Minister
for Micro and Small Industries, has urged banks to boost lending
to the textile industry in the State. Speaking at a seminar on
textiles, he said it is distressing that banks are not extending
adequate assistance to the textile industry in the State.
Land and finance are the two major issues that the textile
industry of the State is confronted with, and added that the
current government has been making active efforts for
revitalizing the industry.
The Minister informed that the Centre has approved the plan
for setting up the All India Institute of Textile Technology at
Nadia district in West Bengal. Besides, a huge industrial park
involving an investment of Rs 1.0 billion is also proposed to be
set up in Murshidabad, with Centre’s assistance.