Plastic manufacturers, who are finding the going tough amid environmental challenges have called for export promotion schemes for Micro, Small, Medium Enterprises (MSMEs) in the sector and removal of anti-dumping duty on machines not made in India.
At a recent meeting with officials, they sought allocation of 25% of the land available at all industrial corridors for MSMEs at discounted rates.
The industry also sought world-class infrastructure for MSMEs under the Public Private Partnership model comprising physical infrastructure, knowledge infrastructure, incubation centres, e-platforms, B2B access and technology and innovation support for MSME.
Additionally, it appealed to the government to make lending to MSMEs more convenient. “There is a need to provide capital adequacy norms support through recognition of MSME credit ratings programme for plastic processing sector; rationalise interest rate and margin requirements for MSME who adopt credit rating programme,” Meela Jayadev, president, All India Plastics Manufacturers' Association (AIPMA), said in a statement.
Help desk sought
“There is a need for the establishment of a helpdesk for MSMEs at banks, and the current limits under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme needs to increase to ₹4 crore,” the statement added.
It also demanded direct tax exemption on export income and income generated directly or indirectly from indigenisation as well as import substitution exemption for a period of five years.
