Patna, Jan 4 (PTI) An apparel and textiles park willbe set up on the outskirts of the state capital for which aland tract spread over more than 100 acres has been earmarked,Bihar Deputy Chief Minister Sushil Kumar Modi said here today.
Speaking after the inauguration of a three-day fairorganized by the Bihar Readymade Garments Association, SushilModi said 115 acres of land have been earmarked in Bihta forthe proposed park.
The park will be set up as part of the stategovernment's policy to promote textiles, leather, InformationTechnology and food processing, he said.
The Deputy CM, who also holds the finance portfolio,said a number of incentives were being offered to thosewilling to invest in the state which include exemption fromland registration and conversion fees and a 10 per cent granton interest payable on bank loans.
"Also on offer are 100 per cent refund on SGST (stategoods and services tax), 50 per cent assistance on the amountpayable towards EPF and ESI and a skill development subsidy ofRs 20,000 per employee from Bihar", he said.
The Deputy CM appealed to readymade garment producersto invest in Bihar, stating that the sector had immensepotential for job creation and pointing out that 90 per centworkers employed in the sector at places like Mumbai andBengaluru hail from the state.
"Patna, too, can be developed as a readymade garmentshub", Modi observed. PTI NACSNS.
This is unedited, unformatted feed from the Press Trust of India wire.