Schemes for the working sectors are expected to provide MSME opportunities for diversity.

Schemes for the working sectors are expected to provide MSME opportunities for diversity. | Photo Credit: File Photo

The majority of micro, small and medium -sized businesses (MSME) have welcomed the announcement in the central budget in the industrial vertical areas in Koimbatore district.

CII Chairman G Radha Krishnan, CII Chairman of the Quambatore Zone, said that the budget plans to develop tire -to -cities like Quambatore with several steps for labor -related sectors and schemes.

According to M Kartikian, president of the Qubutore District Small Industries Association, there were several announcements for MSME, which will emphasize the sector.

Southern India Engineering Manufacturers Association (SEEMA) President Mathew Ramidas said that extension of JAL Jeon Mission by 2028 will benefit Quambatore pump industries to cover 140 million households because pumps for this project Set is the main product used. However, the budget did not pay attention to the need to increase the working capital’s range for MSME.

Indian Pump Manufacturers Association President KV Karthik said that the budget focuses on agriculture and will promote demand for pumps.

The President of the Indian Chamber of Commerce and Industry, Koambatore, Rajesh Lund said that the budget was aimed at creating job opportunities and was balanced and progressive with its suggestions.

According to Sadhir Jha, the convener of the All India Manufacturers Organization, the micro and smaller industries should be helped for smooth transition to reach the big milestone and all micro and small units should be able to benefit from government schemes.

“The budget has not focused on the demand for the jewelry sector to reduce customs duty on gold,” said B Sabri Nath, president of the Qubutore Jewelers Association.

James, president of the Tamil Nadu Association of Cottage and Tiny Enterprises, said the budget has failed to resolve the demands of micro units and it has no specific allocation for the cottage industries.

The budget has made several announcements for the MSME in this budget, said C -Sivakumar, president of the Qubutore Terripur District Micro and Cottage Entrepreneurs Association. The government should consider promoting a large -scale industry in Quambatore.

95 % of micro units have been traded annually in the country, said M. Ravindran, president of the Qubutore compressor Industries Association. Therefore, these units should have a separate rating.

Budget announcements will benefit the common man and MSMES, said RCLinSonderam, President of the Tamil Nadu Pumps and Spears Manufacturers Association. There were no steps to overcome the rising prices of raw materials for the Muniraj pumps of the Kovo Power -powered Pumps and Spares Manufacturers Association.

According to the founder and CEO of Larsidale Agro Processing India, Pilat Vijay Raghavan, budget announcements represent an important step in strengthening the agricultural sector, which has resolved both immediate needs and long -term goals. These steps reflect a strategic approach to improving productivity, promoting stability and enhancing flexibility within the sector.

The budget faced key economic challenges while promoting development in various sectors, said G. Cartician, president of the Startup Academy. The government’s focus on financial discipline containing 4.8 % of the GDP, with the expected growth rate between 6.3 percent and 6.8 percent, reflects a practical approach to economic stability and expansion.



Source link