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Leather, footwear manufacturers evince interest in Punjab

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Press Trust of India Chandigarh

Some of the country's top leather and footwear manufacturers have evinced keen interest in setting up ventures in Punjab, an official spokesman said here today.

A delegation of the manufacturers, accompanied by representatives of the Council for Leather Exports, met Invest Punjab CEO Rajat Aggarwal in New Delhi, he said.

Aggarwal assured them of full support for setting up leather, footwear and accessories units.

Chief Minister Amarinder Singh had already asked the Industries Department to explore the feasibility of setting up a special purpose vehicle at Jalandhar under the Centre's Mega Leather Cluster scheme, which would help the leather manufacturers by providing infrastructure, besides other incentives.

 

Apprising the delegation about the incentives being extended to the entrepreneurs under the new industrial and business policy, Aggarwal said is offering lower power tariff at the rate of Rs 5 per unit with 100 per cent exemption on electricity duty, along with 100 per cent exemption of stamp duty and property tax.

Responding to the delegation's demand for plug and play facilities on the pattern of flatted premises for factories, the Managing Director of Punjab Small Industries Export Corporation (PSIEC), D P S Kharbanda promised to examine the modalities for evolving such a model.

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First Published: Jul 27 2018 | 10:15 PM IST

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