APEX CHAM­BER SEEKS EQUAL TREAT­MENT OF ALL IN­DUS­TRIES

HT Ludhiana Live - - In&around - Lud­hi­ana@hin­dus­tan­times.com LUD­HI­ANA:

The apex cham­ber of com­merce and in­dus­try has urged the cen­tral government to treat all the sec­tors of in­dus­try with same spirit and not to be­have par­tially.

The cham­ber’s Pun­jab pres­i­dent PD Sharma on Tues­day said the cen­tral government in its lat­est bud­get has over­looked the small and medium sec­tor of in­dus­try where as big in­dus­tries are re­ceiv­ing huge in­cen­tives from government.

He also said the fi­nance min­is­ter P Chi­dambaram an­nounced 15% in­vest­ment al­lowance for those in­vest­ing more than Rs 100 crore in plants and ma­chin­ery.

Sharma said that same con­ces­sion should have been ex­tended to small and medium sec­tor as well. “De­spite of un­usual tax boost­ing to big cor­po­rate, they are mak­ing big in­vest­ments in other coun­tries when in­vest­ment in our own coun­try is dry­ing. The de­cline in our ex­ports is not due to global slow­down but fault lies with us.”

JS GREWAL/HT

Traf­fic po­lice per­son­nel re­mov­ing pres­sure horns from a bus at Bharat Na­gar Chowk in Lud­hi­ana on Mon­day.

HT Live Cor­re­spon­dent

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