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Karnataka sanctions Rs 50mn to state-owned leather body
08 Nov '11
1 min read
The government of Karnataka has consented to provide Rs 50 million to state-owned Leather Industries Development of Karnataka (LIDKAR).
The government has sanctioned the amount to revamp the organisation. LIDKAR which had recently posted a profit after a long hiatus had submitted a proposal for Rs 250 million.
Revival of LIDKAR would benefit around 100,000 families who depended on leather for their livelihood.
LIKDAR has also urged the government to reduce VAT from 14 percent to 5 percent, which has been done in the case of the Khadi Gram Udyog sector in Karnataka.
The government has sanctioned the amount to revamp the organisation. LIDKAR which had recently posted a profit after a long hiatus had submitted a proposal for Rs 250 million.
Revival of LIDKAR would benefit around 100,000 families who depended on leather for their livelihood.
LIKDAR has also urged the government to reduce VAT from 14 percent to 5 percent, which has been done in the case of the Khadi Gram Udyog sector in Karnataka.
Fibre2fashion News Desk - India
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