Budget 2025-26: Stakeholders of Micro, Small and Medium Enterprises (MSME) held a pre-budget meeting with Finance Minister Nirmala Sitharaman on December 7. In this meeting, he demanded reduction in GST, technology upgrade and benefits of Production Linked Incentive i.e. PLI scheme for various sectors. The objective of the meeting was to gain inputs and suggestions for the budget for the financial year 2025-26. Budget 2025 is to be presented on February 1.
The meeting was attended by Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers Association (ASIMA); Members of Rajasthan Footwear Manufacturers Association were included.
All-India Plastic Manufacturers Association; All India Manufacturers Association; Gujarat Chamber of Small Industries Association; Federation of Association of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Associations; And Laghu Udyog Bharti were also present during the talks.
This suggestion was given regarding GeM portal
Speaking to the media after the meeting, All India General Secretary of Laghu Udyog Bharti Om Prakash Gupta said that the issue of gap in technology space and skill development was raised in the meeting. Gupta said, “We suggested that if the GeM portal is linked to enterprise registration, it will get a good response. GeM has crossed the annual turnover of Rs 4 lakh crore, so now the time has come to give it a global perspective.” We hope that our suggestions will be considered in the discussions held on Saturday.”
EPPC Rao, President, Federation of Andhra Pradesh Small and Medium Industries Association, said that MSMEs are the backbone of India and it is most important to strengthen them. Rao said, “We have demanded technology upgrade and GST exemption for Industry 4.0 items. The time has come to revive the MSMED Act issues. Bankers should follow RBI guidelines for revival of sick units. “
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Demand for PLI for plastic and electronics products industry
“We have sought a technology upgrade fund for the sector, similar to what is available for the textile sector. We have also sought exemption from GST on plastic recycling machines and reduction in GST on raw materials,” said Arvind Mehta, chairman of the All India Plastics Manufacturers Association. Have also requested.” Mehta further said that his association has also demanded a PLI scheme for the sector.
Sudhir Jha, national convener of All India Manufacturers Association, said, “We have requested that PLI be considered for power electronics products as power electronics products are involved in most of the things ranging from industrial products to home appliances manufacturing.” He stressed that domestic manufacturers cannot expand unless they are provided performance linked incentives.
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