Industry Bodies Demand Corrective Measures

Industry Bodies Demand Corrective Measures

Tamil Nadu Industry Review Team

Industry bodies have requested Chief Minister Edappadi K. Palaniswami to take measures to support their respective industries. From easier clearance of projects to removal of cess and allocation of more budgets, they have placed several demands to the chief minister.     

The Joint Council of Industrial Associations of Coimbatore sought single window clearance online for industries that want to get building plan approval. The 6 per cent interest subvention provided to MSMEs should be extended and collateral free loans up to Rs 3 crore through the Tamil Nadu Industrial Investment Corporation. It also sought 25 per cent capital subsidy for MSMEs in six select sectors, including automobiles, textiles, pumpsets and solar energy. The Council said the government should come out with a scheme to identify and train domestic workers in the State.         

The Southern India Mills' Association's Cotton Development and Research Association (SIMA - CDRA) has sought allocation of Rs 15 crore in the coming budget to develop cotton cultivation in the State. While the textile mills in Tamil Nadu consume nearly 170 lakh bales of cotton every year, the State grows just about six lakh bales. Only this year, the production in the State touched 10 lakh bales of cotton. The government should allocate funds to raise the production to 35 lakh bales a year.      

SIMA said the State government should remove the market committee cess on cotton as the MSME textile mills buy cotton in small quantities depending on their requirement. The cess adds to the cost of the raw material. The Association had submitted a memorandum to former Chief Minister Jayalalithaa on removal of market committee cess on waste cotton and she had assured to take necessary measures. However, the cess continues. SIMA appealed to the Chief Minister to remove the cess on cotton and waste cotton.  

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