Financial Daily from THE HINDU group of publications
Friday, May 07, 2004
Financial Daily from THE HINDU group of publications Friday, May 07, 2004 |
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Industry & Economy
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Infrastructure Unit owners asked to help improve facilities at Bengal industrial estates Our Bureau
Kolkata , May 6 THE West Bengal Small Industries Development Corporation (WBSIDC) has pleaded its inability to improve infrastructure facilities at the existing industrial estates developed and owned by it because of shortage of funds. The corporation's Managing Director, Mr Hari Ramalu, has asked entrepreneurs operating in those estates to take collective initiatives to develop the facilities. Addressing members of the Bengal National Chamber of Commerce & Industry (BNCCI) here on Thursday, Mr Ramalu admitted that many industrial estates under it required upgradation of basic infrastructure such as roads, drainage and water supply. He advised owners of industrial units in those estates to form associations or co-operative societies by themselves to create a matching corpus to avail themselves of financial assistance from the Union Government for developing the infrastructure. WBSIDC has developed 34 industrial estates in the State and allotted land or sheds to about 2,500 small-scale industrial units on a 30-year lease basis. He said that the lease period would be extended up to 99 years. Five new estates would be developed for prospective entrepreneurs. These would come up at Tangra, Berhampur, Durgapur, Asansol and Balurhat. BNCCI feels that the small-scale units in the State had tremendous potential if infrastructure prerequisites were taken care of.
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