Coimbatore: Citing Kuncian, Small Industry Association of Coimbatore District (Codissia) on Friday urged the state government to reschedule loans from financial institutions such as Tamil Nadu Industrial Investment Corporation Ltd (Tic) for six months with the Nile interest rate.
In the representation conducted during the meeting chaired by the Minister of Chief MK Stalin in Chennai in connection with the revised budget estimate, President Codissia MV Ramesh Babu wanted all concessions / subsidies present to be expanded to the Plantation Sipcot / Sidcot.
All industrial estates with full infrastructure facilities for their development.
Special capital subsidies up to 30% must be given to all manufacturing industries (new or for expansion) which produces employment opportunities in Coimbatore, he said.
25% capital subsidy for the push sector.
In accordance with the Tamil Nadu MSME Law must be approved for cars, solar panels, skin industries, electrical accessories of manufacturing industries, pumps and motorcycle manufacturers and engine parts – textile machinery parts, he said.
“The funds are used to the maximum by MSMEs in the city other than Coimbatore.” Codissia also demands the release of extraordinary payments from PSU and other government sectors to MSMEs and expand the cost of subvention giving interest to 6% for all MSMEs to encourage manufacturing to maintain and increase their productivity.
That MSMEs must be excluded from interest or.
Action of punishment for any difference, Ramesh Babu said that the technology of increasing technology must be introduced to the expansion and modernization of MSMEs.
“Also, the accelerated depreciation for three years must be extended to all UPK, which goes for expansion and modernization.” Codissia also suggested accelerating the release of new Master Plans considering the needs of the current and future districts and said the one-window permit was very important.