Separate laws should be framed for micro industries: LUB’s National Gen Secy Gupta

Source: The Hitavada      Date: 21 Apr 2017 11:53:19

Staff Reporter,

“RAISING policies related issues to encourage micro and small enterprises and for protection of rights of its owners and entrepreneurs, Laghu Udyog Bharti (LUB) is working since its inception. LUB is working to create a uniform policy for small and micro industries in the country. Separate laws should be framed for micro industries and to reinstate previous rebate of 1.5 crore over taxes on turnover in coming GST and other important issues will be discussed in All India Executive Body of Laghu Udyog Bharti, a national repute organisation of micro and small industries to start from Friday,” said National General Secretary of LUB Jitendra Gupta while addressing a press conference on Thursday. He was accompanied by LUB National Secretary Sudhir Date, LUB District President Rajneesh Singh, Secretary Ravi Mishra, Somesh Gupta, Anil Gupta, Ghanshyam Radke and Shankar Yadav were present.

Giving introduction Jitendra Gupta said Laghu Udyog Bharti was founded in 1994. In these years, LUB became India’s largest organisation working across the country with over 405 units in 400 districts and industrial areas. LUB works for resolution of issues related to micro and small industries by setting coordination with local industrial organisations, association and representative organisations with authorities concerned. In India, every month around 10 lakh people step out for employment. Only micro and small enterprises sector is capable of providing employment to such big number. In total production in the country major part comes from micro and small industries. It is total 45 per cent of total production and 40 per cent of total export, he added. MSME provides direct and indirect employment to over 12 crore people. He added that in world market prior to independence Indian market has 34 per cent share but after independence governments have not given due importance on uniformity in policies for Laghu Udyog. Since last 22 years, Laghu Udyog Bharti is working in the direction to bring forth a uniform policy for MSME. We are demanding inclusion of medium industries with big industries as the budget or turnover criteria complements with big industry. Small and cottage industries failed to match standards being followed by medium and when its comes to finances the medium takes a major part, he added. Besides this, Laghu Udyog Bharti, an executive body to discuss issues related to new entrepreneurs, recharging of conventional community based self-employment works as well as initiating efforts to present issues of MSME before the Government related to taxation, subsidies, Government departmental compliances, labour laws and other units.