Page 30 - MSME April-May 2017
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Article apparel sector. economy. Incredible India 2.0 is proposed to be launched to promote tourism and 2. The long standing demand of startups employment. Five Special Tourism Zone, has been accepted and the profit (linked anchored on SPVs in partnership with the deduction) exemption available to them States would be set up. for 3 years out of 5 years is changed to 3 years out of 7 years. For the purpose of carry 10. Modernisation and upgradation of identified forward of losses in respect of start-ups, the corridor, railway lines of 3,500 kms will be condition of continuous holding of 51% of commissioned, 25 stations are expected to voting rights has been relaxed subject to the be awarded for station redevelopment and condition that the holding of the original 500 stations will be made differently abled promoter/promoters continues. friendly by providing lifts and escalators during 2017-18. These provide large 3. Further liberalisation of FDI policy is under opportunities under the Make in India consideration and the Foreign Investment initiative Promotion Board (FIPB) to be abolished in 2017-18. 11. A new and restructured Central scheme with a focus on export infrastructure, namely, 4. In order to make MSME companies more Trade Infrastructure for Export Scheme (TIES) viable, income tax for companies with will be launched in 2017-18. annual turnover upto Rs. 50 crore is reduced to 25%. About 96% of companies will get 12. The Government e-market place which is this benefit of lower taxation. This will make now functional for procurement of goods MSME sector more competitive as compared and services, has been selected as one of to large companies. the winners of the South Asia Procurement Innovation Awards of the World Bank. 5. MAT credit is allowed to be carried forward up to a period of 15 years instead of 10 years conclusion at present. Make in India initiative is a collaborative effort 6. For creating an eco-system to make India of State Governments and Union ministries which a global hub for electronics manufacturing aims at development of manufacturing sector of a provision of Rs. 745 crores in 2017-18 in the country as a whole. The Make in India Initiative incentive schemes like M-SIPS and EDF. will be successful when the participation will start 7. Inverted duty has been rectified in several from not only at Central Government but also at the products in the chemicals & petrochemicals, state level like Maharashtra. 'Make in Maharashtra’ textiles, metals, renewable energy sectors. which is an initiative started by the Government of Maharashtra on the sidelines of the Make in India 8. Infrastructure which is a key pillar under initiative. n the Make in India programme has been strengthened with a large budgetary allocation. The total allocation for infrastructure development in 2017-18 stands at Rs. 3,96,135 crores. 9. Tourism is a big employment generator and has a multiplier impact on the 28 Laghu Udyog Samachar
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