Back Office Login

you are here: Equity | News | Economy News| Detailed News
Economy NewsBack
Government Approves Special Package for Footwear And Leather Sector
11-Oct-18   13:10 Hrs IST

The Central Government has approved a special package for employment generation in leather and footwear sector. 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 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.

Additional proposals for CETP upgradation are also under consideration of the Department.

Powered by Capital Market - Live News

For Business enquiry, call on: 011 45046022 / 45046000 or email to: partner@skicapital.net   contact@skicapital.net
SKI CAPITAL SERVICES LIMITED CIN : U74899DL1993PLC054443 / SKI CONSULTANCY SERVICES LIMITED CIN : U74140DL1999PLC098321
Surya Kiran Investment & Capital Services Pvt. Ltd.  * Insurance is in the name of Surya Kiran Investment & Capital Services Ltd. IRDA No: CA0177
   Address: 718, Dr. Joshi Road, Karol bagh, New Delhi 110 005
Hit Count : 7589763
plus
minus
CIN: U67190DL2012PTC246572, IRDA No: CA0177, AMFI- ARN-118937. NSE Cash / F&O / Currency- INB / INF / INE-230815339, BSE Cash /F&O-INB / INF010815331, BSE Currency- Exchange Regn., MSEI Currency- INE260815339, DP IN-DP-NSDL-129-2000, DPID IN 301508, IRDA Reg. No.CA0490, SKI Consultancy Services Ltd Member: NCDEX, MCX, SEBI Reg No INZ00005283, M. No. NCDEX 00433, MCX 16200.
Exchanges / Depository : Prevent Unauthorized Transactions in your Trading / Demat Account. Update your Mobile Numbers / email IDs with us. Receive alerts on your Registered Mobile / email IDs for trading account transactions and all debit and other important transactions in your demat account directly from Exchange / NSDL on the same day | KYC: KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | Note: "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Copyright 2011. SKI. All Rights Reserved Designed , Developed & Powered By C - MOTS Infotech(ISO 9001:2015 certified)