Change in govt might improve MSMEs condition, says FOPSIA chief

Tribune News service

Ludhiana, September 19

The Federation of Punjab Small Industries Association (FOPSIA) has expressed “happiness” over present political scenario in Punjab and hopes that in next four to five months, the government may start thinking of improving the MSMEs too.

Badish Jindal, president, FOPSIA, said the bureaucracy was hardly bothered about the MSMEs of the state, which were 98 per cent of the total industrial sector. Investment policies were framed to give benefit to large scale sectors only, Jindal added. The 8,000 large industries were given the power subsidy of Rs1600 crore where as 1.35 lakh small and medium industries were given only Rs375 crore benefit, Jindal said.

“This is a jolt to the government. Now, we hope that new leaders will start focusing on providing benefits to the MSMEs too,” rued Jindal. The MSMEs were battling for their VAT and GST refunds since the formation of the government and the corruption in the industry related department was on the rise, said Jindal.