Disappointing to see no special allocations for A.P. in Budget: A.P. Chambers
1 month, 3 weeks ago

Disappointing to see no special allocations for A.P. in Budget: A.P. Chambers

The Hindu  

Andhra Pradesh Chambers of Commerce and Industry Federation applauded the Union government for taking measures to boost consumption and welcomed the new tax slabs that will reduce burden on the middle class. Chambers’ president Potluri Bhaskara Rao said while it was a progressive budget, it was disappointing that there were no special announcements for Andhra Pradesh and Amaravati. We have been asking the Union government to set up a national institute such as Central Food Technological Research Institute, and Coconut, Banana and Mango Boards in Andhra Pradesh. MSME Industries Association president Bayana Venkat Rao appreciated the initiative to increase credit guarantee cover for MSMEs from ₹10 crore to ₹20 crore for startups.

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History of this topic

Andhra Pradesh Industries & Commerce Department gets ₹3,156 crore in Budget for 2025-26
3 weeks, 4 days ago

Andhra Pradesh Industries & Commerce Department gets ₹3,156 crore in Budget for 2025-26

The Hindu  

The Industries & Commerce Department got an allocation of ₹3,156 crore in the Budget presented by Finance Minister Payyavula Keshav in the Legislative Assembly on Friday. Mr. Keshav said the government unveiled a series of forward-looking policy initiatives for accelerating industrial growth and building a robust investment ecosystem, and it secured investment commitments worth ₹6.30 lakh crore. The major investors …

Industrialists, trade bodies in T.N. welcome Union Budget
Trending News
1 month, 3 weeks ago

Industrialists, trade bodies in T.N. welcome Union Budget

The Hindu  

Industrialists and Chambers of Commerce in Tamil Nadu hailed the Union Budget 2025-2026 presented by Finance Minister Nirmala Sitharaman on Saturday. “Given Tamil Nadu’s robust auto and auto-ancillary sector, the government’s initiatives to enhance electric vehicle production and mobile phone battery manufacturing will drive substantial job creation and manufacturing growth in the region. Also, Tamil Nadu is expected to gain …

MSMEs welcome measures announced in the Budget to give thrust to the sector
1 month, 3 weeks ago

MSMEs welcome measures announced in the Budget to give thrust to the sector

The Hindu  

Majority of the Micro, Small and Medium-scale Enterprises across industrial verticals in Coimbatore district have welcomed the announcements in the Union Budget. According to M. Karthikeyan, president of the Coimbatore District Small Industries Association, there were several announcements for the MSMEs that will give a thrust to the sector. The Southern India Engineering Manufacturers Association president Mithun Ramdas said extension …

Industries, chamber of commerce welcome union budget
1 month, 3 weeks ago

Industries, chamber of commerce welcome union budget

The Hindu  

The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has evoked a mixed response with the industries welcoming it, while the farmers and left parties have said it was disappointing. Similarly, enhancement in credit and loan for street vendors under PM SVANidhi, the announcement of ₹1.5 lakh crore for infrastructure development for all States, and tax exemption on income …

Industry, trade bodies welcome Budget; they say it fosters economic growth and supports key sectors
1 month, 3 weeks ago

Industry, trade bodies welcome Budget; they say it fosters economic growth and supports key sectors

The Hindu  

The Kanara Chamber of Commerce and Industry, Mangaluru, on Saturday, February 1, said the Union Budget reflects government’s commitment to fostering economic growth, supporting key sectors and enhancing ease of doing business. Mr. Pai said the revision in MSME classification criteria and enhancement in credit guarantee cover would help small businesses scale up operations without regulatory hurdles. Mr. Pai said …

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag
1 month, 3 weeks ago

Union Budget | Kerala MSMEs see Budget announcements as a mixed bag

The Hindu  

The announcements in the Union Budget regarding Micro, Small and Medium Enterprises ties in with the Kerala government’s ongoing push to promote MSMEs, but demands raised by MSME associations including Goods and Services Tax - related issues remain unaddressed in the Budget. According to A. Nizarudeen, State President of the Kerala State Small Industries Association, the revised turnover criteria for …

Set aside at least ₹5,000 crore for MSMEs in Budget, says association
1 month, 3 weeks ago

Set aside at least ₹5,000 crore for MSMEs in Budget, says association

The Hindu  

The Kerala State Small Industries Association has demanded at least ₹5,000 crore to be set aside in the upcoming State Budget for micro, small and medium enterprises, taking into consideration various programmes that have either been launched or finalised by the State government as part of its drive to bring in fresh investments. The association also said that the subsidies …

AP Chambers thanks state for financial aid to revive flood-hit businesses
6 months, 1 week ago

AP Chambers thanks state for financial aid to revive flood-hit businesses

Deccan Chronicle  

VIJAYAWADA: The Andhra Pradesh Chambers of Commerce and Industry Federation has thanked the state government for taking prompt initiatives to support the business enterprises that were severely impacted on account of the devastating floods in Vijayawada. The AP Chambers has expressed its gratitude to Chief Minister N. Chandrababu Naidu for announcing financial support of Rs 25,000 each for small business …

Business heads in T.N. commend job, skilling initiatives doled out in the budget
8 months ago

Business heads in T.N. commend job, skilling initiatives doled out in the budget

The Hindu  

Industrialists and Chambers of Commerce in Tamil Nadu have commended the Union government’s budget 2024 announcements pertaining to enhancing job opportunities and skilling initiatives. “SICCI requests the government to consider creation of the industrial parks in the key hubs of the Defence Industrial Corridor in Tamil Nadu, which will create an unparalleled synergy,” he said. Abolishment of angel tax will …

Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth
8 months ago

Industrial and commerce bodies term Union Budget as pragmatic fostering MSME growth

The Hindu  

Industrial and commerce bodies in Dakshina Kannada welcomed the Union Budget, terming it a pragmatic one aimed at fostering micro, small and medium enterprises thereby creating more jobs. Terming the Budget growth-oriented, Kanara Industries Association president N. Arun Padiyar said proposals on employees provident fund scheme and providing ₹2 lakh crore support for job creation will generate more employment. District …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
8 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Meet industry expectations: AP Chambers to new government
9 months, 2 weeks ago

Meet industry expectations: AP Chambers to new government

New Indian Express  

VIJAYAWADA: Andhra Pradesh Chambers of Commerce and Industry Federation congratulated the TDP-led NDA for its landslide victory in the elections. While exuding confidence that the new government will keep up its promises made to the people during the elections, and fulfil the hopes and aspirations of all, AP Chambers noted a lot of challenges are at the doorstep of the …

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs
3 years ago

T.N. Budget 2022-2023: About 48% jump in allocation for MSMEs

The Hindu  

The Tamil Nadu Budget for 2022-2023, presented on Friday, has hiked the allocation for Micro, Small and Medium-scale Enterprises Department by almost 48%. Micro cluster development With a view of helping micro enterprises’ clusters, the Tamil Nadu government would launch a new “Micro Cluster Development Programme”, Finance Minister Palanivel Thiaga Rajan said in the State Legislative Assembly in Chennai on …

Budget 2022: Worst-hit MSME sector stands to benefit from Nirmala Sitharaman’s announcements
3 years, 1 month ago

Budget 2022: Worst-hit MSME sector stands to benefit from Nirmala Sitharaman’s announcements

Firstpost  

Union Budget 2022-23: Credit guarantee trust for MSMEs are set to see a revamp and will ensure the allocation of Rs 2 lakh crore more to the growth of the sector The finance minister delivered a Union Budget that the MSME sector welcomed wholeheartedly, as India is coming out gradually from the reeling impact of COVID-19 pandemic. This would also …

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