Mumbai: AIAI welcomed the bill proposed by Mr. Kalraj Mishra, Hon’ble Minister for Micro, Small and Medium Enterprises amending the investment limit for the Micro Industries from Rs. 25 lakhs to Rs 50 lakhs, Small enterprises from Rs. 5 crores to Rs. 10 crores and for Medium enterprises from Rs. 10 crores to Rs. 30 crores. The proposal gives the MSME sector the much needed boost and will help improve their manufacturing capacities as well as enhance competitiveness.
Taking into consideration the dynamic market and employment situation, this proposal will also help facilitate more employment and exports from this sector.
AIAI further feels that there is a need for hike in the Excise exemption limit from Rs. 1.5 crores to Rs. 5 Crores in view of the increase in price of raw materials and input costs.
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