Union Budget a mixed bag, says industry
Updated:
Updated:
‘MSMEs and hospitality sector expected a relief package for revival post-COVID’
Share Article
‘MSMEs and hospitality sector expected a relief package for revival post-COVID’
The Union Budget has set aside ₹15,700 crore for micro, small and medium enterprises (MSMEs) across the country, which is a positive step. However, the MSMEs had expected that the government would come out with relief measures or another package for their revival in the wake of the devastation caused by COVID-19, said M. Khalid of the Kerala State Small Industries Association here on Monday.
He said there are around 6.35 crore MSMEs across India. They account for 11 crore jobs in the country, contribute 48% to the export volume and constitute 30% of the GDP. Considering these factors, the MSMEs should have been supported more generously, he said.
KSSIA demands grant of title deeds to small industries
Updated:
Updated:
‘Lack of proper land papers causing problems to unit owners’
Share Article
‘Lack of proper land papers causing problems to unit owners’
The Kerala State Small Industries Association (KSSIA) has demanded that the State government help small units by granting them title deeds to the land they had hire-purchased from the government on industrial estates and in the industrial development areas as per an April, 1969, order from the government.
Title deeds should be distributed to those industrial unit owners who had fully met their hire-purchase conditions and made full payment to the government, said M. Khalid, president of the association, on Tuesday.