Budget 2023: Focus On Innovation, Exports And Give More Facilities To Small Industries

In conversation with , major industrial organizations kept their point on this. – Photo: , Indore Detail After the end of Kovid, the industry is making a comeback and this time it is getting support from the government as well. There are many expectations. The Union Budget (Budget 2025) is going to come on Wednesday, February 1, and the industry hopes that the government will bring better policies. So that business can move forward fast. In conversation with , major industrial organizations kept their point on this. on cluster development Attention, increase the help of small industries

)2025 Association of Madhya Pradesh Industries President Yogesh Mehta said that our demand is that the corporate tax levied for industries should be reduced to 22 from 12 should be done up to percent. This will help industrialists to recover from Kovid. The deadline for the proposed exemption in new industries should also be extended. It was granted for one year which March 750 is ending on the same day while Covid had come again in the middle. So it should be extended for one more year. MSMEs should increase funding and focus on cluster development. This will create a better environment for industries. all over the country Government should apply uniform rates of GST in hotels 2025 Sumit Suri, chairman of the Hotel and Restaurant Association of Western India, said that the hotel industry was the worst affected in Kovid and we There are a lot of expectations from the government. We have suggested to the government that the exemption in minimum alternate tax should be increased under section 35 . It should get two more years exemption which will be from April 2025 to March should be done. With this section to increase investment in the hotel industry 35 should be opened for all, now it is for two star hotels and bigger projects. GST of 15 percent should be imposed on every hotel in the country. It should be same everywhere. Education and Health But the budget should be increased

CII (Confederation Industries of India) Western Region Chairman Sunil Chordia told that the policies of the budget should be made keeping this in mind. India is on its way to become a superpower in the economy. The highest focus in the budget should be on the quality of human life. Expenditure on health and education should be increased. The budget should be such that it can impress the common man along with the investor and taxpayer.
The future of the economy hinges on four points1675172872
1675172872 President of Pithampur Industrial Organization Gautam Kothari told on the basis of four points how the future of the economy will be better.

1. Inflation: Today Inflation is rising rapidly and Indian industries are still in a weak position in international conditions. In such a situation, the rates of GST will have to be reduced. Divide the range of 2 and 35 into 9 and If we do, it will save the consumer. If the purchase will increase then the demand will increase in the market and due to this the production will increase. This will also increase the tax because if the purchase increases then the government will get the same benefit.

2. Unemployment: Employment There are very few and to reduce unemployment, target the industries providing employment and give them more incentives. MSMEs provide more employment. Make necessary policies for them to get loans and get cheap loans. Relax the rules of the banks for them. They face the problem of credit line and they have to pay more interest. While big industries charge less interest. 3. Investment: In order to accelerate investment in the country, to provide various level of exemption and subsidy in solar energy. needed. Give subsidy to increase exports.

4. Exports : In Select and encourage new industries. If exports increase, more money will come in the country, due to which the economy will improve rapidly. ,