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MSME sector's expectations from Narendra Modi
The BJP-led NDA is going to form the new Government. Be it the common people, or the industry or any other sector, everyone is having their own sets of expectations. BJP has promised many things in its poll manifesto. Now it is the time to fulfil the expectations.

Micro, small and medium enterprises had been given a special focus in the BJP's poll manifesto. The party had said in its manifesto that it considers the role of SME sector as crucial for the economic development of the country.

The party had said that the MSME sector needed to be developed by providing international linkages for exports, availability of credit through a dedicated SME bank, supply chain efficiencies, adoption of IT, support in R&D and innovation, and a policy support for enhancing the mandate to purchase from SME for large scale projects.

Now when the party is going to enjoy the power for the next five years, after getting a clear cut majority, the time has come to deliver what has been promised to the MSME sector. But what are those few things that the SME sector wants to be looked at priority?

Rajiv Chawla, president of Faridabad Small Industries Association says that the government should remove bottlenecks from the business.

"The NDA government should reduce paper work and simplify labour laws and taxation. The new government should provide incentive and support R&D production and exports for the SME sector," said Chawla.

Gurgaon Udyog Association's president, Praveen Yadav expects flexible policies for business environment and focus on infrastructure development.

"Electricity is a great problem that SME sector faces, which not only affects manufacturing and production, it stands as a hurdle before the MSME sector. Electricity is a basic need for MSME sector and the new government must keep an close eye over the issue," said Yadav.

Apart from these, Yadav expects simplification in the taxation system and demands GST taxation system to be imposed by the Modi government. He also expects smooth transportation and export for the SME sector.

V.P. Bajaj, president, Gurgaon Industries Association says that change is always good and the new government has come with full mandate. He said that SME sector's expectations are high from the BJP government.

"Manpower crisis and management is a great problem for SME sector, the government must look after the labour laws and simplify it. As the law is more in labours' favour, they work as they wish to, which puts the company in loss. And we hope the new BJP government will treat the SME sector well and work in favour of the sector," said Chawla. 



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