Assocham wants special cell to revive sick MSME units in Bengal | SupportBiz

In Brief

Assocham wants special cell to revive sick MSME units in Bengal

 
The Associated Chamber of Commerce and Industry of India (Assocham) said on Tuesday that, the West Bengal government should set up a special cell to revive the dying micro, small and medium enterprises (MSMEs) in the state.

There were over 7,905 micro and small sick industries and 460 medium-sized sick industries in West Bengal till March 31, 2011.

The industry body has submitted a strategy paper on "Reviving Sick Units in West Bengal" to state Industry Minister Partha Chatterjee.

According to Assocham, over Rs 725 crore has been blocked in the sick units and more than one lakh people had lost their livelihood. Also, around 96 percent of the state's sick MSME units are not in a condition for revival due to change in ownership or legal complications.

D.S. Rawat, Assocham secretary general said in Kolkata that, the suggested special cell should ensure that there was no delinquency by any government department in providing relief and concessions to the remaining four percent of the sick MSME units.