SME Times is powered by   
Search News
Just in:   • RBI is accountable, government runs country: Shaktikanta Das  • Exporters urge new RBI governor to push credit  • Canadian court frees Huawei CFO on bail  • Wipro opens automotive innovation hub in US  • Bull returns, Sensex up 629 pts 
Last updated: 11 Oct, 2018  

Footwear generic THMB Centre approves special package for footwear and leather sector

Footwear.9.jpg
   Top Stories
» Exporters urge new RBI governor to push credit
» Bull returns, Sensex up 629 pts
» New RBI governor appointed, Congress opposes
» Industry body welcomes new RBI governor
» Urjit Patel quits as RBI Governor
SME Times News Bureau | 11 Oct, 2018

The Central government has approved a special package for employment generation in leather and footwear sector, an official release said on Thursday.

The package involves implementation of Central Sector Scheme - Indian Footwear, Leather & Accessories Development Programme (IFLADP) with an approved expenditure of Rs. 2600 Crore for 2017-20, the Commerce Ministry release said.

The scheme aims at development of infrastructure for the leather sector, address environmental concerns specific to the leather sector, facilitate additional investments, generate employment and increase production.

Enhanced Tax incentives will attract large scale investments in this sector and reforms in labour laws taking into account the seasonal nature of the sector will support economies of scale.

In a major boost to the leather industry in Tamil Nadu under the IFLADP four projects with a total outlay of 107.33 crore have been approved by the Department of Industrial Policy and Promotion (DIPP) to facilitate upgradation of infrastructure, job creation and environmental sustainability.

The projects approved in Tamil Nadu are: upgradation of Tala Trichy Common Effluent Treatment Plant (CETP) at Trichy, Pallavaram CETP at Nagalkeni Chrompet, and SIDCO Phase-I CEPT at Ranipet and Perundurai leather industries Eco Security Pvt. Ltd. at Erode.

DIPP has also given in-principal approval for mega leather cluster at Bantala in West Bengal. This will generate employment for around 7000 people and lead to an investment of Rs. 400 to 500 crore.

The Leather Technology, Innovation and Environmental Issues sub-scheme under IFLADP provides financial support at 70% of the project cost to leather clusters to meet the prescribed pollution control discharge norms.

This covers establishment, expansion, upgradation of CETPs, developing secure landfills, common recovery units, management of sludge and any other techniques for hazardous waste management.

A total of 9 projects for CETP upgradation with a gross value of Rs. 469.18 crore and GOI assistance of Rs.328.43 crore have already been approved under the sub-scheme. These projects are under implementation.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Dec, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME credit: Liquidity crunch and delivery challenges (1)
» Rs 1 crore loan just in 59 minutes!(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter