The annual general meeting of the Laghu Udhyog Bharti (LUB) will be held on September 25 wherein issues related to the national MSME policy, GST and FDI will be discussed, its President Om Prakash Mittal said.
“We will demand that the large-scale industries should develop a small patch of land within their boundaries for setting up new ancillary units for their industrial products/spares,” he told reporters.
Their other demands include developing a land bank by a suitable infrastructure development authority which will be controlled by a department, he added.
Mittal further said that the trade body also wants a separate ministry for MSMEs in each state to address their issues.
He also demanded that those MSMEs which have been in operations for 20 years should be made free hold, and also allowing MSMEs to process local products like agricultural products, mining and other available raw materials and make it mandatory on large industries to procure from such units.
The estimated contribution of the MSME sector, including the service segment, to the country’s GDP in 2012-13 was 37.54 per cent while the total employment in the sector is 805.24 lakh and the share of MSMEs in India’s total exports for 2014-15 stood at 44.7 per cent.
Source: The Economic Times
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