Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
SME units in Vizag demand extension of benefits under the package promised for Seemandhra
Managements of micro, small and medium enterprises (MSME) in Visakhapatnam feel they are left high and dry. They expect for extension of benefits under the package promised for Seemandhra.

There are a large number of MSME units. The MSMEs, who have invested around Rs. 25 lakh to Rs. 5 crore per unit, have made a strong pitch not to restrict tax holiday and other incentives envisaged under the package to new units in Visakhapatnam, Srikakulam, and Vizianagaram districts of the residual State of Andhra Pradesh, as reported by The Hindu.

Alone Visakhapatnam holds 1,500 to 1,800 MSME units with employment of around 25,000 involved in fabrication, welding, casting, paints, machining, ice plants, cold storage, and spare parts. Autonagar, Kancharapalem, Parawada, Gajuwaka, Gurrampalem (Pendurthy), Madhavadhara, and Anakapalle are MSME covered areas of the city.

Visakhapatnam Steel Plant, HPCL, Hindustan Shipyard Ltd, and Heavy Plate and Vessels Plant (HPVP) are major foster units on whom the MSME units mostly depend to survive.

Visakha Autonagar Small-Scale Industrialists' Welfare Association president Ramakrishna Narappareddy claims that the VSP agreed to give orders up to Rs. 50 lakh if five enterprises form into a group in August 2013. The Plant Level Committee is scheduled to meet next month to take stock of the situation. The HPVP has not issued a single work order to us after it became an independent unit of BHEL.

Seeking help from government a ready-made garment exporter, as quoted by The Hindu, said, "The current situation is very bad with the government fleecing us with so many taxes."

Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
Sign in to set your preference
merinews for RTI activists
In This Article
(66 Articles)

Not finding what you are looking for? Search here.