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State’s new policy evokes mixed response from micro, small and medium enterprises
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Many units are sceptical about targets and strategies
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Many units are sceptical about targets and strategies
Ahead of the Assembly election, the Chief Minister has rolled out a policy for the MSME sector which has been grappling with various issues over the last five years. Though industrial estates said they welcomed the policy, many were sceptical about the targets and strategies listed in it. Some even said there could have been a little more detailing to solve the immediate crisis. A few associations pointed out that they were not consulted while this policy was formulated, while another section of the MSMEs was wondering whether the same structure would be followed in case of a change in government after the election.
MSMEs feel let down
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‘There has been no support from the government’
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‘There has been no support from the government’ A cross-section of the representatives of the Micro Small and Medium Enterprises (MSMEs) said the announcements made by Union Finance Minister Nirmala Sitharaman in the Union Budget will not solve any of the problems facing the sector for several years now.
Ms. Sitharaman said the government would reduce the customs duty uniformly to 7.5% on semis, flat, and long products of non-alloy, alloy, and stainless steel. To provide relief to metal recyclers, mostly MSMEs, she extended duty duty exemption on steel scrap till March 31, 2022.
Precepts put to practice
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December 13, 2020 18:56 IST
Having taken lessons from two cataclysmic events, the manufacturers’ association at Thirumudivakkam Industrial Estate does not dread the monsoon anymore
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A canal and one of the many roads inside the estate. Photos: Special Arrangement
Having taken lessons from two cataclysmic events, the manufacturers’ association at Thirumudivakkam Industrial Estate does not dread the monsoon anymore
The Chennai floods in 2015 and cyclone Vardah the following year had together taught Thirumudivakkam Industrial Estate Manufacturers Association (TIEMA) a lesson or two about monsoon-readiness.
Having acted on these lessons, members of TIEMA have reached a level of comfort in how they approach the monsoon. It has clearly ceased to be a dreaded prospect, as they feel equal to the challenges it may throw their way.