MCCI delegation meets Yeddyurappa
Meeting was part
Plea to reserve
25 p.c. of acquired
land for SSIs
MYSORE: Mysore Chamber of Commerce and Industry (MCCI) has urged the State Government to expedite work on improving connectivity with Bangalore by giving a push to doubling of the railway track between Mysore and Bangalore and Bangalore Mysore Infrastructure Corridor (BMIC) project.
A delegation of MCCI met Chief Minister B.S. Yeddyurappa in Bangalore on Monday as part of the pre-budget 2008-09 discussions and submitted a memorandum seeking speedy implementation of the track doubling work and BMIC project.
The delegation led by MCCI president R. Krishna urged the Government to reserve 25 per cent of the industrial land acquired around Mysore for small-scale industries (SSIs) and allot at concessional rates. It appealed to Mr. Yeddyurappa to waive stamp duty on industrial land.
The other demands include waiver of 0.5 per cent stamp duty on mortgage or loans taken from banks and other financial institutions.
Mr. Krishna urged the Government to refund the 5 per cent tax levied by ESCOMs on exporting units.
With regard to Value Added Tax (VAT), the delegation urged Mr. Yeddyurappa to abolish the compulsory audit report and one per cent entry tax on machineries.