Monday, Aug 09, 2004
Monday, Aug 09, 2004 |
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By Our Special Correspondent
CHENNAI, AUG. 8. Leading industrialists in the leather sector in Tamil Nadu today responded positively to the appeal of the Chief Minister of Jammu and Kashmir, Mufti Mohammad Sayeed, to invest in his State, taking advantage of the unique package of Central and State Government incentives. Mr. Sayeed, who met the industrialists at the Central Leather Research Institute (CLRI), told presspersons that the M.M.Hashim (K.H. group) had agreed to put up a leather garment unit at Srinagar and make full use of the creative and artistic talent of local artisans. Another industrialist, Zacharia Sait, offered to collaborate with local tanners to establish modern tanneries in the Kashmir valley. His group would provide technical know-how and marketing support, besides participating in investment. Aminur Rahman, whose company fabricated Florsheim shoes, a leading American brand, would put up a unit to make the same branded shoes in Jammu. Habib Hussain of the A.V. Thomas group had said that his company was ready to provide work to small manufacturers in Jammu and Kashmir for making a wide range of leather products, according to Mr. Sayeed. The Chief Minister said the Central Government's special package of total exemption from excise duty and income tax for 12 years till March 31, 2005, for investors in Jammu and Kashmir, besides the State Government's grant of relief from sales tax and capital subsidy of 15 per cent (subject to a maximum of Rs. 30 lakhs per project) was attractive to entrepreneurs in the leather sector, who could add value to the cattle wealth of the State.
National meet
He announced that a national conference would be held at Srinagar by the CLRI to chalk out a strategy for development of the leather sector, with particular focus on his State. The institute would start two vocational training centres in Srinagar and Jammu in the next few months. Under the technical supervision of the CLRI, two common effluent treatment plants (CETPs) for tanneries would be commissioned shortly. The institute had also offered support to universities in J and K to start vocational courses. A. Sahasranaman, Principal Secretary-Industry of Jammu and Kashmir, said investments already committed in the State following the Central package included a Rs. 550-crore textile unit, called Sutlej Textiles, by the K.K.Birla group, which has been operating Chenab Texiles. A total of 58 large and medium projects had been approved, including a Rs. 200-crore investment by the Oswal group and a Rs. 400-crore textile project by the Dainik Bhaskar publishers. Projects in the pipeline included pharmaceuticals/chemicals and information technology (IT). Mangat Ram Sharma, Deputy Chief Minister, said his State was witnessing speedy industrialistion under the progressive policies of the coalition government. T. Ramasami, Director, CLRI, said the institute had prepared the tender documents and detailed engineering for two CETPs at Lassipora and Samba in J and K.
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