'Increase import duty on cycles from China' | punjab | Hindustan Times
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'Increase import duty on cycles from China'

punjab Updated: Dec 08, 2014 13:33 IST
HT correspondent

A business delegation led by many prominent industrialists has urged minister of state for micro small and medium enterprises (MSME) Giriraj Singh to pay attention towards the declining state of the industry in Punjab.

Giriraj Singh was on a two-day visit to Ludhiana in which, he interacted with different trade organisations. Singh discussed various problems faced by the industry and asked business leaders to provide detailed documents so that he could put issues in front of senior officials of his ministry.

"Ludhiana is one of the best industrial cities of the country where different industries are flourishing. Our government is dedicated for the industrial growth not only of Punjab but the entire country,"Giriraj Singh said.

An interaction of Chamber of Industrial and Commercial Undertakings (CICU) with Giriraj Singh was also held on Saturday in which members of the trade organisations discussed different issues with the minister.

Upkar Singh, general secretary, CICU, stated that technology up-gradation fund (TuF) should be popularised so that more industrial units could get benefit from the scheme.

"The Credit Linked Capital Subsidy Scheme should also be enhanced from present Rs 1 crore to Rs 5 crore. The MSME fund for cluster development should also be allocated,"added Upkar Singh. Singh assured the industrialists that their interests would be taken care of.

He also held talks with the federation of industrial and commercial organisation (FICO). Gurmeet Kular, president, FICO, demanded that international cooperation scheme was initiated so that industrialists could visit other countries to witness the technologies being used there.

"The import duty on bicycles and cycle parts coming from China should be also increased so that Ludhiana bicycle industry can be saved from cheap imports from China,"he added.

Other demanded raised by FICO included subsidy on used imported machines, abolition of two percent central excise on complete bicycle, use of indigenous parts in government tenders, raising exemption limit of central excise for MSMEs, industrial parks in Ludhiana and air connectivity of Ludhiana from other cities of the country.

Many industry leaders including Ramesh Mago, president, food processing industries, Vinod Thapar, chairman, the knitwears club, Narinder Bhamra, president, fasteners association, SC Ralhan, president, the hand tools association, TR Mishra, the president, boilder association, interacted with the minister.