UP traders not for VAT: Minister | india | Hindustan Times
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UP traders not for VAT: Minister

TRADERS WERE not favouring introduction of Value Added Trade (VAT) tax in the state, claimed State Minister for Small Scale Industry, Handloom, Sericulture and Export Promotion Jagdish Singh Rana, while talking to media persons here in Kanpur.

india Updated: Feb 04, 2006 00:28 IST

TRADERS WERE not favouring introduction of Value Added Trade (VAT) tax in the state, claimed State Minister for Small Scale Industry, Handloom, Sericulture and Export Promotion Jagdish Singh Rana, while talking to media persons here in Kanpur.

Rana was in the city to inaugurate Craft Bazaar being organised as a joint venture of the office of the Development Commissioner for Handicraft and the UP Export Corporation Limited, which will continue till February 12 at Brijendra Swaroop Park.

The minister said on many occasion traders had told him that VAT was not good for the future of trade in the state and demanded that it should not be imposed here.

About export from the state, the minister said it had achieved growth in the last few years, specially during the rule of the present state government and a lot of steps suggested by exporters had been taken into account.

When told that adjoining states were giving lot of subsidy to industries and many industries were shifting to these states, Rana said these states were new and also smaller besides getting extra aid from the central government for development of industries. However, the same was not being given to UP, complained Rana.

He said in order to boost state produced handicraft the government was holding such fair all over country. This would provide good market for state artisans and they could earn a handsome amount for their products.

Asked about poor state of salary payment in the state undertaking corporations, Rana accepted the fact and said with recent steps taken by the government all employees of these corporations would be paid their salary within two months’ time.

Replaying to another query about the Handloom Corporation, the minister said that things were normal and action would be taken against officials found involved in irregularities, if any.

He said that on February 7, a meeting was being held with weavers of the state and his ministry was making efforts to provide them electricity as it was being given to farmers of the state.

According to a press communiqué issued from the Development Commissioner’s office, about 60 lakh artisans were preparing artifacts worth Rs 30,000 crore.

The foreign exchange earned from this sector during the past financial year 2004-2005 was to the tune of Rs 15255.90 core and the share of UP Handicrafts was approximately 50 per cent.