Ahead of Budget 2020, a number of small industry bodies have put forward their recommendations for benefit of the MSME sector.
Bhubaneswar: The eighth edition of MSME (Ministry of Micro Small and Medium Enterprises) International Trade Fair has concluded.
The present government has set great store by micro, small and medium enterprises (MSMEs) and entrepreneurship as engines of growth. Rightly so.
The first advance estimates by the government puts the nominal GDP growth for 2019-20 at 7.5% against the Budget target of 12%. Besides being the lowest in last 42 years, a 7.5% nominal rate growth throws the government finances out of gear.
Q. We are manufacturers and exporters of agro chemicals (e.g., pesticides and weedicides). In connection with manufacturing of one of our products, we intend to import process technology to improve the yield of finished goods, with reduced process/production time.
Union Budget 2020 India | GST and Taxation for MSMEs: The government’s Automotive Mission Plan 2026 targets triple industry revenues to $300 billion and expand exports sevenfold to $80 billion.