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Plastics industry seeks export benefits for MSMEs
Why is it in the news?
- The plastic manufacturers have called for export promotion schemes for Micro, Small, Medium Enterprises (MSMEs) in the sector.
- They also saught removal of anti-dumping duty on machines not made in India.
- The plastic manufacturers are finding the going tough amid environmental challenges and new government rules over plastic ban.
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What the plastic manufacturers seek ?
- Allocation of 25% of the land available at all industrial corridors for MSMEs at discounted rates.
- World-class infrastructure for MSMEs under the Public Private Partnership model.
- It comprises physical infrastructure, knowledge infrastructure, incubation centres, e-platforms, B2B access and technology and innovation support for MSME.
- Aditionally, they appealed to the government to make lending to MSMEs more convenient.
- They also demanded direct tax exemption on export income and income generated directly or indirectly from indigenisation as well as import substitution exemption for a period of five years.
Source
The Hindu.