Reconsider land cost in Butibori MIDC: BMA

 

 

 

 

 

Butibori Manufacturers Association (BMA), one of the leading bodies of entrepreneurs in the region, on Monday gave suggestions on the proposed Industrial Policy 2024 of Government of Maharashtra. A delegation of the body including Nitin Lonkar, President of BMA, and Shashikant Kotharkar, Secretary, met Deependra Singh Kushwah, Development Commissioner (Industries) here in the city and gave the suggestions. Gajendra Bharati, Joint Director of Industries Nagpur Region, was also present. On the occasion BMA highlighted that land rates in Butibori MIDC are exorbitantly higher as compared to MIDC land rates in Western Maharashtra. The land rates need to be reconsidered to attract investor, said Lonkar. On the matter of promotion of electronic and allied industries in Vidarbha, the body said that currently there is no big electronic / hardware manufacturing in the region.

  

“Considering the future potential scope for electronics, special cluster / special park is necessary to attract the new industrial by offering special incentives to new companies,” he added. BMA further raised the issue of development of mining and mineral processing cluster suggesting to add value to raw mining ores / minerals to expand mining activities, special mining and process clusters should be developed in the region with incentives for value addition. “For industries depending on large scale import of raw material and export of finished goods, through seaport, units in Vidarbha region are incurring extra cost on logistics. Thus we recommended to consider some kind of incentives in PSI to make the units’ logistic cost at par with coastal region thus making level playing in entire State,” Kotharkar said. In addition to this, to make balanced growth, special power tariff should be considered for unit based in Vidarbha. BMA also gave suggestion on development charges being collected by MIDC.

 

“Since MIDC is a Special Planning Authority (SPA) and the industrial area is a notified one, such Industrial Area should be insulated from Ready Reckoner rates and Stamp Duty should be charged on prevailing MIDC Land rates,” BMA said. On State Goods and Service Tax (SGST), BMA highlighted that incentive availed during the year, if it is less than the sanctioned allowed limit then the shortfall is not carried forward to next year. “This anomaly needs to be rectified and the unutilized SGST incentive part should be allowed to carry forward for next year exemption,” Lonkar said.