ASSOCHAM said that with land being the biggest challenge for setting up large industries in West Bengal,future industrial growth of the state would be driven by the small and medium sector which also has large potential for generating employment.
Mr Sunil Kanoria VP of ASSOCHAM National said that"Land is a challenge in West Bengal.Large scale units need huge tracts of land.So,the only way out is to promote the growth of small and medium enterprises which also do have a big employment potential."
Mr Kanoria said that the state also has less non fertile land compared to others where most of the land was barren.
He said that"ASSOCHAM had suggested that industrial estates be set up to house small and medium units and the Centre should grant exemption of minimum alternate tax and dividend distribution tax to the facilities located within."
The chamber said that the West Bengal government could also extend tax incentives which might include interest subsidy and drawback on electricity duty.