Industries of MP, MSMEs demanded GST relief, incentives related to textile production and promotion of tech in the budget
Indore: Industries and MSMEs of Madhya Pradesh have raised expectations from the upcoming Union Budget. They are demanding faster access to government schemes, easier GST compliance and targeted sectoral support to strengthen manufacturing and exports.
Industry representatives said that despite the existence of several central and state schemes, processing delays, documentation requirements and slow disbursement of funds are hampering their impact on MSMEs. Easier processing and faster approvals still remain key demands.
The textile sector has demanded special intervention to promote cotton-based manufacturing and exports. Madhya Pradesh Textile Mills Association has sought a new Production Linked Incentive (PLI) scheme for cotton garments and made-ups with lower investment limit and higher product coverage.
The association has also demanded refund of input tax credit on capital goods and services in the textile value chain. MC Rawat, secretary of MP Textile Mills Association, said there is a need for a cotton price stabilization fund with five per cent interest subvention for end users to protect mills from price volatility.
"To ensure stability in yarn prices, margin money for cotton finance should be reduced from 25% to 10% and stock limit should be increased from three months to nine months so that mills can purchase enough cotton during the season," Rawat said.
Industry bodies have also stressed the need for technology-driven growth. “The budget should focus on adoption of artificial intelligence, automation support and technology upgradation so that MSMEs can improve productivity and compete at the global level,” said Yogesh Mehta, president of the Association of Industries of Madhya Pradesh.
Skill development has emerged as another priority area for the industry. “Skill development remains another major focus area, with industries demanding more funding for industry-linked training programs to bridge the gap between shop-floor needs and workforce capabilities,” said Gautam Kothari, president, Pithampur Industrial Association.
Industrialists have also pointed out operational and cost related challenges. Virendra Porwal, an industrialist, said that allotment of industrial land through auction should be stopped as it increases the cost of the project rapidly. He also pointed out the frequent technical glitches on GeM and tender portals, which lead to delays in procurement and payment.
Industries have sought further reforms in power tariff, including a cap of Rs 6 per unit, decentralization of industrial approvals at the district level, streamlining the renewal fee charged by the health and safety department to a 10-year validity and removal of double levy of maintenance charge and property tax by multiple authorities.
Industry bodies said a reformed Budget focusing on taxation, power cost, land policy, skill development and technology adoption can significantly strengthen Madhya Pradesh's MSME ecosystem and improve its global competitiveness.
read more :- Cotton duty exemption ends, Tamil Nadu's spinning mills in trouble
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