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2009-10-14

Problems of Industrial Body Discussed

To discuss the problems of Industrial association of India and to seek more incentives to the micro, small and medium enterprises (MSMEs) a meeting of the industrialists with Dinesh Rai, IAS, Secretar

Problems of Industrial Body Discussed

To discuss the problems of Industrial association of India and to seek more incentives to the micro, small and medium enterprises (MSMEs) a meeting of the industrialists with Dinesh Rai, IAS, Secretary, Industries, Government of India was held at the Chamber of Industrial and Commercial Undertakings (CICU) Complex, Phase-V.

 

According to Inderjit Singh Pardhan, president, Chamber of Industrial and Commercial Undertakings and chairman, Small Industry Development Board, Punjab, the prices of steel, metal and furnish oil have been fluctuating highly over the last one year. He demanded that industrial raw material should be taken out of the purview of commodity trading.

 

He also said that a proper mechanism should be introduced by Government of India to regulate their prices for survival of MSMEs in the current economic slowdown.

 

Avtar Singh, General Secretary, CICU, also requested the Secretary, Industries for technology upgradation, availability of credit, bringing about improvement in IT consumption, for promoting cluster development, introducing new schemes and revision of existing schemes for speeding up growth and development of MSMEs, creating awareness about intellectual property rights, development of industrial parks and estates and providing stability in prices of industrial raw material.

 

Dinesh Rai, informed that the PM has constituted seven committees for redressing issues of MSMEs. The government is also considering establishing an SME exchange.

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