Industries' chamber delegates meet principal secretary | punjab | Hindustan Times
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Industries' chamber delegates meet principal secretary

punjab Updated: Jul 31, 2013 22:40 IST
HT Correspondent
HT Correspondent
Hindustan Times
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A deputation of the Patiala Chamber of Industries led by Mandi Gobindgarh general secretary Dinesh Gupta, NS Khurana and Nakesh Jindal, met industry and commerce principal secretary Karan A Singh and said that there were very few focal points and industrial estates in Patiala division, and that many units in their cities had not been included in the state's new industrial policy.

Stressing upon the need for micro, small and medium enterprises (MSME) sector to upgrade from micro to small and small to medium by allowing modernisation and capacity upgrade, the chamber said that a minimum limit of new investments in machinery should be set for these units to make them eligible for incentives under the new policy.

Raising the issue of e-billing, the chamber said time-bound value added tax (VAT) refunds could also help trade regain its financial liquidity.

To help the state's steel sector in its struggle for survival, the delegation also demanded that VAT rates be kept at the level of the present central sales tax (CST) rate of 2% to provide a level playing field outside the state.

Jindal said the principal secretary had assured the delegation of positive action, and is likely to visit Mandi Gobindgarh soon to interact with the city's industrialists.