In a candid conversation with SMEpost.com Editor K R Sudhaman, FICCI Secretary General Dr A. Didar Singh expressed that the forthcoming budget should strive to create an eco system wherein tax administration is more structured and conducive to business.
This actually impacts SMEs more than anybody else because average SMEs have to go through difficulties in business and its functioning ranging from licensing, day to day inspectors, movement of its goods, logistics and many other issues.
“I believe that key to SMEs, or any other kind of manufacturing in India, are really ease of doing business”, A. Didar Singh told SMEpost.com during the course of the conversation.
“We are extremely happy to see that this government has focused on that. They have really moved up the (ease of doing business) index of World Trade Organisation and World Economic Forum. I am sure there is more that will happen in this direction.”
Elaborating on his expectations from Budget with regard to MSMEs, he said dispute resolution in tax administration should be “quick and fast”.
Also, there should be forward movement on ease of business in terms of its totality and in the context of state governments than with the central government because SMEs deal with municipalities as well state governments in all the different parts of India, he said.
The most important thing of all is steps to improve logistics and infrastructure for faster growth of SMEs, he added.
He further said, “For the country as a whole, if logistics and infrastructure improves, that would actually help business and certainly SMEs”.
