Finances FY24 Expectations: South Gujarat Industries in want of meals processing parks; finance assist & extra
Surat, Jan 17 (KNN) Industries within the South of Gujarat are eager to strengthen its agri and meals processing sector and has urged the Union Finance Minister Nirmala Sitharaman to announce organising of minimal 3 parks within the area offering chilly storages.
In an unique interview with KNN India, Ashish P. Gujarati, Previous President of Southern Gujarat Chamber of Commerce and Trade (SGCCI) mentioned, “Other than textiles, South of Gujarat has huge potential within the agri and meals processing sector. We request the central authorities to contemplate establishing minimal 3 parks within the area which can assist MSME items develop.”
Gujarati who’s an entrepreneur within the textile sector based mostly in Surat, highlighted the necessity to have a brand new ‘Textile Expertise Mission Scheme’.
“Specializing in upgradation, textile items have to be offered 30 per cent incentive particularly to the weaving, knitting, dyeing and processing and garment trade,” he added.
Speaking about Surat’s diamond enterprise, he looked for a brand new PLI scheme for manufacturing of gems and jewelry.
Highlighting the common efficiency of MSMEs this yr, Prashant Patel, President, Federation of Indian Micro and Small & Medium Enterprises (FISME) mentioned that the largest assist wanted from the federal government is on the finance and banking entrance.
Patel who’s the Director of R.Okay. Synthetics Ltd, Ahmedabad & Prashant Industries, Surat has raised this difficulty in FISME’s finances illustration to FM in New Delhi.
Advocating for the distressed MSMEs, he mentioned, “FISME has referred to as for more practical intervention by the Reserve Financial institution of India (RBI) to enhance high quality of banking providers and improve credit score movement to MSMEs.”
“We now have additionally sought a uniform coverage and creation of desk in RBI to resolve rising variety of complaints about foreclosures costs being levied by a couple of personal sector banks,” he added.
Patel additional mentioned that industries in South of Gujarat should not capable of velocity up the widespread industrial infrastructure improvement course of which might require a beneficiant push from the federal government in type of new scheme or subsidy. (KNN Bureau)