President of Karnataka Small Scale Industries Association A Padmanabha, along with office-bearers, has presented the pre-Budget memorandum for financial year 2017-18 to Chief Minister Siddaramaiah.
The KASSIA has requested the Government to allot land to the micro and small scale enterprises on lease-cum-sale as was done earlier instead of 99 years lease as provided in the Industrial Policy 2014-19.
“This is important for SMEs as ownership of the industrial plot provides a unit necessary security to avail funds from the Banks. The 99 years policy now in vogue is unaffordable for the SMEs in view of the upfront payment of lease rent which makes it uneconomical,” A Padmanabha, President, KASSIA, said.
The KASSIA has requested that the state government create an independent directorate for the development of micro and small enterprises.
“We are setting up Center of Excellence in 5 acre land in Dabaspet Industrial Estate for the benefit of the SMEs. In view of the good work being done by KASSIA for the Micro and Small Enterprises, we request that the State may provide us a special grant to KASSIA of Rs. 5 crore annually,’’ the memorandum said.
The other demands are:
*Allocate Rs 10 crore for industrial townships
*Establish micro industrial zones
*Build small sheds for small entrepreneurs
*Provide concessional rate of interest for women entrepreneurs
*Local bodies should spend on industrial estates
*Exempt SME workers from profession tax
*Reduce VAT on LED bulbs
*Reduce VAT on 20 ltr. water cans
*Reduce property tax on SMEs
*Provide housing for industrial workers
*Establish entrepreneurial clubs in colleges
*Scheme for catalyzing innovation ecosystem & developing software
architects
* Establishment of country specific industrial areas for Japan, Korea , Taiwan,
Germany, Sweden, China
*Introduce a scheme for construction of flatted structures for micro & small enterprises
* Organise a Skill Summit christened as “Kaushalya Bhagya” or “ Naipunya Bhagaya 2017
*Conduct a technology transfer symposium christened as “KAR-TECH TRA 2017”
*Increase Budgetary allocation for industry segment
Source: IBC World News
