MIXED RESPONSE FROM INDUSTRY
While some industrialists claim they have got short end of the stick, others have welcomed AAP government’s maiden budget proposals
No major announcement has been made to provide relief to the industry. The condition of focal points in the state cannot be improved with just ₹100 crore. We need funds for cluster development and these issues have been raised in the past too.
Upkar Singh Ahuja, president, Chamber of Industrial and
Commercial Undertakings
We welcome the budget as it has not proposed any additional tax burden on the industry. The focus on social security and human development in terms of education and medical will go a long way in ensuring long-term growth of the state and restoring its deteriorating fiscal health.
Neeraj Jain, president, Ludhiana
Management Association
Announcements are being made to establish new focal points/industrial areas, but the existing ones are crying for attention. The government should have introduced “no enhancement policy” as additional burden of enhancement charges has been put on plot holders in almost all focal points. Gurmeet Kular, president, Federation of
Industrial and Commercial Organisation
The government’s proposal to set up a special commission with only traders and businessmen is a step in the right direction. It will help the industry in establishing better coordination with the government, which will in turn create more employment opportunities.
Charanjiv Singh, general secretary,
Knitwear and Textile Club
All demands of the cycle industry have been ignored. No funds have been allocated for technology upgradation or cluster development. Also, the government should have rolled back the decision to collect advance consumption deposits from the small scale industry.
DS Chawla, president, United Cycle and
Parts Manufacturers Association