Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2013-03-05

FISME expresses disappointment at keeping MSMEs out of investment allowance

The Federation of Indian Small, Micro and Medium Enterprises (FISME) has expressed disappointment over the proposed investment allowance being restricted to large firms in manufacturing at the rate of 15 per cent that invest in plant and machinery during

The Federation of Indian Small, Micro and Medium Enterprises (FISME) has expressed disappointment over the proposed investment allowance being restricted to large firms in manufacturing at the rate of 15 per cent that invest in plant and machinery during the period April 1, 2013 to March 31, 2015.

Reacting to the budget proposal, FISME stated that the Finance Minister (FM) appears to have been at his doublespeak best when, in spite of his fulsome praise of the MSMEs, he ignored them while announcing grant of 15 per cent investment allowance for new investments in manufacturing facilities and restricting the benefit to co investing Rs 100 crore and above.

It is beyond comprehension what made the Finance Minister do this disservice to the MSME sector which has provided all the additional jobs in this ‘jobless corporate growth’ of the decade. This discrimination is sad and reinforces the belief that this government continues to be driven by lobbyists. With no resources to lobby, no votes in their kitty and no glamour or style in their conduct MSMEs continue to suffer the neglect, FISME further stated.

FISME however welcomed the proposal for establishing Rs 500-crore fund to set up a credit guarantee facility to boost factoring.

Related opportunities
  • Others Food Service
    About:-Shanmukha Restaurant is an Authentic Andhra Style Multi-Cuisine Restaurant, which..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Beauty Salons
    About Gia Naturals :-Gia Naturals team of experienced professionals offers..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Designer jewellery
    PC Jeweller Ltd. is India's Leading Jewellery Retail Chain with..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required 1200 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Ice creams & Yogurt Parlors
    About:Started by an enterprising couple in the 1980s, Gopal’s 56..
    Locations looking for expansion New Delhi
    Establishment year 1980
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150 - 200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities