By providing capital subsidy the government can stimulate economic growth,promote entrepreneurship & support the development of MSMEs said CA Julfesh Shah, Chairman,COSIA, Vidarbha while submitting a memorandum to Directorate of Industries, Maharashtra on the upcoming new industrial policy of Maharashtra.COSIA delegation met Shri G.O.Bharti,Jt Director of Industries,Vidarbha & submitted a memorandum on various issues alongwith suggestions to be considered while framing the ensuing Industrial Policy of Maharashtra State.
The memorandum which was also submitted to Principal Secretary Industries & Development Commissioner Industries at Mantralaya, Mumbai mentioned about various suggestions to promote the entire ecosystem of Maharashtra in general & Vidarbha in particular.It suggested special capital incentives as provided in other leading industrial states should be considered for MSMEs in addition to other basket of incentives like SGST reimbursement, power tariff,interest subsidy etc.Also it recommended special benefits for export oriented units & GST exempted units like agro processing & food processing units which are not able to avail the SGST reimbursement benefits & deserve benefits in some other forms.
In the present policy solar systems are not considered as eligible assets in the project cost which negates the purpose of promoting the use of renewable energy which is the need of the hour.The memorandum also recommended to adopt new definition of MSMEs as announced in the budget & incorporate it in the new industrial policy.It also pointed out to remove the anamoly & discrimination extended to Special Large Scale Industries in the present policy.
It also suggested to provide some sops or incentives to Service Sector so that it will promote the growth of the service oriented IT companies,Testing & Design Laboratory etc.Industries & Entrepreneurs are having high expectations of concessions & benefits in the upcoming industrial policy which will be rolled out most likely in the ensuing financial year.Shri Sudarshan Shende, Vice Chairman COSIA was also present on the occasion.
👉 Click here to read the latest Gujarat news on TheLiveAhmedabad.com