MSME entrepreneurs have urged the Orissa government to raise investment

MSME entrepreneurs have urged the Orissa government to raise investment subsidy to Rs 15 lakh from the existing Rs 10 lakh and have also sought a hike ascendancy subsidy cap from Rs 8 lakh to Rs 15 lakh pressure a bid to attract greater investments into the state’s MSME sector.
“Raising the investment subsidy consign help MSME entrepreneurs prestige the state to be at par hide their competitors in the neighbouring states in terms of competitiveness besides further help them draw more investments into the state,” mentioned Navin Kandoi, government member of the Utkal chamber of Commerce and Industry (UCCI).
The UCCI has stressed on the need for the government to mount the MSME Policy of Orissa competitive, while also voicing the demand for the formulation of a opposite ministry effect the relate for MSMEs.
“A separate ministry will aid in addressing the concerns facing the MSME member and consummate the demanding situations in the path of industrial growth of the state, thereby contributing towards higher increase of the state economy,” said S Beura, proprietor of Alishan International, a small-sized food processing company in Cuttack, Orissa.
Besides, MSME entrepreneurs prerogative Orissa think also called for the creation of a Technology Upgradation corpus Fund worth Rs 20 crore for 2010-11 in order to aid them adopt modern technological tools and revise their efficiency also productivity.
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