The Centre has to provide an incentive along the lines of Modvat credit to mitigate the adverse impact of the Goods and Services Tax on micro and tiny manufacturing units, say representatives in the MSME sector. Micro and tiny industrial units with turnover of less than Rs 20 lakh, are exempted u…
Tag: VS Narasimhan
Auto component SMEs adversely hit by Chennai floods
Small scale industries hit by the floods earlier this month face long-term business losses as customers look to alternative sources for components. Over 20,000 micro, small scale and medium enterprises were damaged in the heavy rains and the ensuing floods in Chennai and neighbouring districts ea…