MSMES Call For Enhanced Institutional Efficiency And More Budgetary Allocation From The Union Budget 2014-15

Top Quote ISSME Consultative Workshop on "Expectations from Annual Union Budget 2014-15: Inputs for Budget Formulation from MSME Stakeholders". End Quote
  • (1888PressRelease) November 25, 2013 - New Delhi - The International Society for Small and Medium Enterprises (ISSME) organized a consultative workshop on Expectations from Budget 2014-15: Inputs for budget formulation from Micro, Small and Medium Enterprise (MSME) stakeholders, yesterday at YWCA Conference Hall, New Delhi, India.

    This was organized as a prelude to the Finance Ministry consultations with various economic stake holders to garner their expectations & demands with regard to the upcoming union budget. Participants included experts such as tax consultants, Chartered Accountants, MSME practitioners, MSME associations, Entrepreneurs, trade and commerce associations and financial institutions. In addition to MSME stakeholders, there was a considerable representation from the informal sector enterprise associations and unions. Federation of Rickshaw Pullers Association of India and All India Kabadi Mazdoor Mahasangh (AIKMM) - an association of informal waste management workers & enterprises - participated in the deliberations and expressed concerns of informal sector enterprises & entrepreneurs and called for policy attention and budgetary allocation for the unorganized sector.

    All the speakers called for considering MSME as a priority sector at the policy level and enhancing budgetary allocations significantly. Participants also called for ensuring that the allocated funds are utilized and spent, so that MSMEs would get benefited. A number of recommendations related to taxes such as, service tax, MAT, central excise, etc. came up. Also, there were specific suggestions for simplification. Industry associations and entrepreneurs raised several specific issues that need attention in the budget.

    "Apart from suggestions and recommendations emerged from today's discussions, we also received a large number of inputs, recommendations, suggestions and proposals from our partners such as associations, entrepreneurs and MSMEs from all over India", said Mr. Sunil D Sharma, Secretary General, ISSME. He further added that, "a detailed set of suggestions and recommendations would be compiled based on the responses and will be communicated to the concerned, as a common demand from the Indian MSME stakeholders, and further organize a representation in this regard to press for our demands."

    Mr. Sudarshan Sareen, Member, Prime Minister's Council on MSMEs and President, Delhi Productivity Council, delivered the keynote address. CA N. Parasuraman, CA R C Jain, Mr. Sunil Sharma, ISSME Secretary General, Mr. Vijay Seth, General Secretary, Indian Micro, Small Industry and Handicrafts Association, Mr. Rakesh Solanki, Mr. Sashi Bhushan Pandit, Mr. D. K Gupta, Mr. Vignesh Jha, Mr. Siddhartha Mishra, Chief Operating Officer, ISSME made different presentations. Dr. P. Koshy, Director, ISSME, chaired and moderated the discussion. More than 25 people representing different sectors participated and raised sector specific concerns and presented suggestions and inputs for consideration.