Kvic's plan to set up 1,300 units in uttarakhand goes awry Business Реклама Recent Posts « » Kvic's plan to set up 1,300 units in uttarakhand goes awry November 4th, 2010 | Author: admin Kvic's Plan To Set Up 1,300 Units In Uttarakhand Goes Awry

In order to promote the development of the khadi sector in Uttarakhand, the Khadi and Village Industries Commission (KVIC) initially decided to set up nearly 1,300 new units in the state by the end of 2009-10. However, now KVIC is finding it difficult to achieve the set target. Nearly, 850 projects have been approved by December 2009, while the remaining 450 projects are yet to get complete approval. “Although KVIC planned to establish several new units in Uttarakhand in the current financial year, achieving the target looks unlikely now as getting clearance for all the projects will take time,” Sudeep Chatterjee, spokesperson of Khadi Emporium, a mid-sized khadi selling store in Kolkata and also a supplier of khadi products to Uttarakhand. “KVIC is in need of funds to set up new units in Uttarakhand. However, there are financial constraints and banks are unwilling to lend adequate and timely funding support. Therefore, achieving the desired target for establishment of new units in the state will take a while longer,” said a KVIC official. According to the estimates provided by the KVIC officials, establishment of 1,300 units is expected to provide employment opportunities to nearly 15,000 people and an investment worth Rs 55 crore has been proposed for these units. For more detail on Business Directory log on to http://www.bizxchange.in/

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