Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2011-08-23

MSME ministry for taxation issues of PE players

MSME ministry for taxation issues of PE players

MSME ministry for taxation issues of PE players

The Ministry of Micro, Small and Medium Enterprises has asked the Finance Ministry to resolve the double-taxation issue faced by private equity investors, who want to invest in the sector.

The MSME Ministry has said that private equity players, like angel investors, are facing the problem of double-taxation in India.

"We have taken up the issue of double-taxation faced by angel investors with Ministry of Finance...these investors pay taxes as an owner and also as an equity holder," an official is quoted by the report.

The MSME Ministry is also working with the Planning Commission on the need to provide different routes of easy credit to these units during the 12th Plan period.

These units face major challenges like lack of equity, risk capital and poor access to timely and affordable loans.

"The ministry is trying to bridge gaps and attract funds from these investors, as small-scale units are not in their radar," an official said.

The Planning Commission has also formed a Working Group on MSMEs' growth for the Twelfth Five Year Plan (2012-17) was constituted by the Planning Commission. It is under the Chairmanship of Secretary, MSME with 46 members and 11 sub-groups to deal with various issues of MSME sector including Khadi, Village and Coir sector.

The Working Group is requested by the Planning Commission to submit its report by August 30, MSME Minister Virbhadra Singh had recently said.

Related opportunities
  • Other Vocational Training
    Started in 2006, Indian Institute of Computer Science (IICS) is..
    Locations looking for expansion Haryana
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Fabric & Accessories
    Kothari Hosiery Pvt. Ltd. is reckoned as a leading manufacturer,..
    Locations looking for expansion Haryana
    Establishment year 1950
    Franchising Launch Date 2020
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Ayurvedic, Herbal & Organic Products
    Fight COVID19 Together    We are manufacturing Government Certified N95 and KN95&..
    Locations looking for expansion Uttar pradesh
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ghaziabad Uttar pradesh
  • Kids & Children Clothing
    Funky Collections is your one-stop shop for all football, biking..
    Locations looking for expansion Haryana
    Establishment year 1990
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads