Ludhiana: Claiming that the second wave of coronavirus has struck them a heavy blow, local industrialists are demanding a relief package for micro, small and medium enterprises (MSME).
Cautioning that if nothing is done at the earliest by the Centre and the state governments, thousands of units in Ludhiana might shut down permanently. Businessmen are also angry with the GST council for failing to announce any rate cuts on auto parts, paints and consumer durables that have a high tax rate of 28%.
According to Jagbir Sokhi, president of Sewing Machine Development Club, “Many units in MSME sector, which was already hit badly during the first wave of coronavirus, may close down. During the first wave, the Centre took some steps like EMI moratorium, 20% emergency credit facility, among others, to bail out the industry. These measures were not enough, but the industry still managed to sail through as there was uniformity in lockdown unlike this time when every state has its own set o
No order to shut iron and steel units, says minister | Ludhiana News
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No order to shut iron and steel units, says minister | Ludhiana News
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Ludhiana: In a good news for the local industry, the Central government has approved an Intellectual Property Rights Facilitation Centre (IPRFC) for Ludhiana. The centre will spread awareness about intellectual property rights among entrepreneurs, especially those connected with micro, small and medium enterprises (MSME).
Though the government has sanctioned the centre for the city’s business body, Auto Parts’ Manufacturers’ Association (APMA), it will offer services to all other sectors as well in filing for patents, copyrights, trademarks, and industrial designs.
GS Kahlon, APMA president, said, “This will be the first IPRFC of Punjab that will help and train businessmen about intellectual property rights (IPR). The main role of this centre will be to take measures for protecting ideas and business strategies and assist MSMEs in technology upgrade and enhance their competitiveness and also educate them about effective utilisation of IPR tools. Government has officially c