BJP promises biz-friendly govt; sops for SMEs
Updated: Apr 07, 2014 01:08:27pm
New Delhi, Apr 7 (KNN) The Bharatiya Janata Party (BJP) today released its manifesto for the 2014 Lok Sabha elections, albeit on the first day of polling, addressing a wide range of issues like credit to SMEs, IPR, price rise, corruption, development of infrastructure, education, all-round boost to agriculture, manufacturing and services sector, simplification of tax regimes, among others.
BJP manifesto giving focus on trade and economy said, “BJP considers that the role of SME sector is crucial for the economic development of our country. The sector needs to be developed by providing international linkages for exports, availability of credit through a dedicated SME bank, supply chain efficiencies, adoption of IT, support in R&D and innovation, and a policy support for enhancing the mandate to purchase from SME for large scale projects.
“Overall goal is to enhance the competitiveness of the SME sector leading to a larger contribution to our economic growth and employment generation,” the document added.
On the cooperative sector the manifesto promises to make every to encourage it. “BJP commits to review the existing laws with regards to the cooperative sector, and will amend the multi-state cooperative act to remove lacunae and anomalies.”
Laying emphasis on the labour intensive sector and handicrafts, the manifesto promises to “move up the value chain of the sector driven by a focus on quality.”
It promises to get the handicraft sector - market linkages - both national and international; access to credit and information and skills upgradation; saying that value addition will be encouraged through avenues like - branding, packaging and technology.
As far as artisans are concerned, “Schemes will be drawn for skills upgradation and enhancement of business opportunities for artisans like smiths, weavers, carpenters, hair-dressers, shoe-smiths, and potters.
On business and trade, BJP manifesto said, “The modern era is an era of exchange. Over-regulation needs to be addressed to stop the harassment of the businessmen and traders. At the same time, we have to set up transparent systems, which ensure credibility of our goods and services. At the same time, the bottlenecks in transporting and exporting them have to be removed.
Also, the flow of information about our tradable items has to be made available to the rest of the world,” it added.
The document assured to give focus on zero defect products; build world class ports, connecting them with roads and rail to the hinterland so as to drive the maritime trade of the country; air cargo facilities will be enhanced throughout the country; an export promotion mission will be established integrating all stakeholders.
On the issue of high CAD which India has been battling for last few years, the manifesto said “current accounts deficit will be brought down aggressively by focusing on exports and reducing the dependency on imports. Value addition on our products will be the biggest task.”
“We shall work with the state governments to usher in the GST in an appropriate timeframe. For implementing the same, a robust IT network system will be put in place.”
Speaking of IPRs, on which India has lowest rankings in the world, the manifesto said, “We will embark on the path of IPRs and Patents in a big way and take all necessary steps to protect the interest of retailers, small traders and small vendors and equip them with the latest techniques and methods to modernize them and make them competitive.”
The manifesto commits to ensure that the retailers and SMEs don't have to spend time and money for seeking multiple licenses to start the business. There will a system in place to avoid harassment of small traders.
The document ensures easy availability of institutional credit.
With regard to labour force, the party said, “BJP recognizes the fact that the labour is the key to the revival of the economy and so are the laws governing them. We believe in promoting a harmonious relationship between labour and the industry, with both playing an important contributory role in economic growth and development.”
“We will ensure that the interests of labour in the unorganized sector are protected .For the organized labour, we propose to encourage industry owners and labour to embrace the concept of 'Industry Family'. This concept, in which industry owners and labours bond as a family, is guided by the principles of efficiency, skill development and up gradation, productivity, appropriate wages and perquisites, and security towards this end,” the party manifesto said.
BJP also promised, “We should no longer remain a market for the global industry. Rather, we should become a Global Manufacturing Hub. We have to encourage our industry to innovate and collaborate internationally. We have to encourage industry to produce efficiently and cost-effectively.”
“Economic freedom implies that the government will not get in the way of the freedom of individuals to start and operate legitimate businesses. Increased economic freedom will break open the economic space to new entrants, especially in the form of small and medium-enterprises, creating jobs and prosperity,” it said.
On ease of doing business in India, the party manifesto ensured a conducive, enabling environment is created making 'doing business' in India easy.
“Our attempt will be to move towards a single-window system of clearances both at the centre and also at the State level through a Hub-spoke model…We will set up World class Investment and Industrial regions as Global Hubs of Manufacturing.
“We will set up a task force to review and revive our MSME sector; enabling it with better access to formal credit and technology for modernization,” the party manifesto said.
To give boost to manufacturing, BJP will, “Accord high priority to the growth of manufacturing, so that we can create enough jobs in the country. This sector must grow fast to ensure employment and asset creation.
The party said it will “take all steps; like removing red-tapism involved in approvals, to make it easy to do business, invest in logistics infrastructure, ensure power supply and undertake labour reforms, besides other steps to create a conducive environment for investors.”
On the subject of NPAs which have increased sharply over the past few years, BJP said it will take necessary steps to reduce NPAs in banking sector. Also, BJP will set up a strong regulatory framework for the non-banking financial companies to protect the investors.
On taxation, BJP said that the UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country.
“BJP realizes the importance of having a Tax Policy Roadmap…We will provide a non-adversarial and conducive tax environment; rationalize and simplify the tax regime.”
With regard to Foreign Direct Investment, which BJP has been opposing, the party said, “Barring the multi-brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialized expertise. BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them.
BJP also attempts to address women empowerment. “We will enable women with training and skills - setting up dedicated Women ITIs, Women wings in other ITIs. Set up a dedicated W-SME (Women Small and medium enterprises) cluster in every district.”
Senior party leader Murali Manohar Joshi, who headed the BJP Manifesto Committee, told reporters that the focus is on five Ts in the party's manifesto - talent, tourism, trade, tradition and technology.
"Our country has moved backwards in the last 10 years. The BJP manifesto focusses on things that will help the country bounce back," Joshi said. (KNN/SD)
BJP manifesto giving focus on trade and economy said, “BJP considers that the role of SME sector is crucial for the economic development of our country. The sector needs to be developed by providing international linkages for exports, availability of credit through a dedicated SME bank, supply chain efficiencies, adoption of IT, support in R&D and innovation, and a policy support for enhancing the mandate to purchase from SME for large scale projects.
“Overall goal is to enhance the competitiveness of the SME sector leading to a larger contribution to our economic growth and employment generation,” the document added.
On the cooperative sector the manifesto promises to make every to encourage it. “BJP commits to review the existing laws with regards to the cooperative sector, and will amend the multi-state cooperative act to remove lacunae and anomalies.”
Laying emphasis on the labour intensive sector and handicrafts, the manifesto promises to “move up the value chain of the sector driven by a focus on quality.”
It promises to get the handicraft sector - market linkages - both national and international; access to credit and information and skills upgradation; saying that value addition will be encouraged through avenues like - branding, packaging and technology.
As far as artisans are concerned, “Schemes will be drawn for skills upgradation and enhancement of business opportunities for artisans like smiths, weavers, carpenters, hair-dressers, shoe-smiths, and potters.
On business and trade, BJP manifesto said, “The modern era is an era of exchange. Over-regulation needs to be addressed to stop the harassment of the businessmen and traders. At the same time, we have to set up transparent systems, which ensure credibility of our goods and services. At the same time, the bottlenecks in transporting and exporting them have to be removed.
Also, the flow of information about our tradable items has to be made available to the rest of the world,” it added.
The document assured to give focus on zero defect products; build world class ports, connecting them with roads and rail to the hinterland so as to drive the maritime trade of the country; air cargo facilities will be enhanced throughout the country; an export promotion mission will be established integrating all stakeholders.
On the issue of high CAD which India has been battling for last few years, the manifesto said “current accounts deficit will be brought down aggressively by focusing on exports and reducing the dependency on imports. Value addition on our products will be the biggest task.”
“We shall work with the state governments to usher in the GST in an appropriate timeframe. For implementing the same, a robust IT network system will be put in place.”
Speaking of IPRs, on which India has lowest rankings in the world, the manifesto said, “We will embark on the path of IPRs and Patents in a big way and take all necessary steps to protect the interest of retailers, small traders and small vendors and equip them with the latest techniques and methods to modernize them and make them competitive.”
The manifesto commits to ensure that the retailers and SMEs don't have to spend time and money for seeking multiple licenses to start the business. There will a system in place to avoid harassment of small traders.
The document ensures easy availability of institutional credit.
With regard to labour force, the party said, “BJP recognizes the fact that the labour is the key to the revival of the economy and so are the laws governing them. We believe in promoting a harmonious relationship between labour and the industry, with both playing an important contributory role in economic growth and development.”
“We will ensure that the interests of labour in the unorganized sector are protected .For the organized labour, we propose to encourage industry owners and labour to embrace the concept of 'Industry Family'. This concept, in which industry owners and labours bond as a family, is guided by the principles of efficiency, skill development and up gradation, productivity, appropriate wages and perquisites, and security towards this end,” the party manifesto said.
BJP also promised, “We should no longer remain a market for the global industry. Rather, we should become a Global Manufacturing Hub. We have to encourage our industry to innovate and collaborate internationally. We have to encourage industry to produce efficiently and cost-effectively.”
“Economic freedom implies that the government will not get in the way of the freedom of individuals to start and operate legitimate businesses. Increased economic freedom will break open the economic space to new entrants, especially in the form of small and medium-enterprises, creating jobs and prosperity,” it said.
On ease of doing business in India, the party manifesto ensured a conducive, enabling environment is created making 'doing business' in India easy.
“Our attempt will be to move towards a single-window system of clearances both at the centre and also at the State level through a Hub-spoke model…We will set up World class Investment and Industrial regions as Global Hubs of Manufacturing.
“We will set up a task force to review and revive our MSME sector; enabling it with better access to formal credit and technology for modernization,” the party manifesto said.
To give boost to manufacturing, BJP will, “Accord high priority to the growth of manufacturing, so that we can create enough jobs in the country. This sector must grow fast to ensure employment and asset creation.
The party said it will “take all steps; like removing red-tapism involved in approvals, to make it easy to do business, invest in logistics infrastructure, ensure power supply and undertake labour reforms, besides other steps to create a conducive environment for investors.”
On the subject of NPAs which have increased sharply over the past few years, BJP said it will take necessary steps to reduce NPAs in banking sector. Also, BJP will set up a strong regulatory framework for the non-banking financial companies to protect the investors.
On taxation, BJP said that the UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country.
“BJP realizes the importance of having a Tax Policy Roadmap…We will provide a non-adversarial and conducive tax environment; rationalize and simplify the tax regime.”
With regard to Foreign Direct Investment, which BJP has been opposing, the party said, “Barring the multi-brand retail sector, FDI will be allowed in sectors wherever needed for job and asset creation, infrastructure and acquisition of niche technology and specialized expertise. BJP is committed to protecting the interest of small and medium retailers, SMEs and those employed by them.
BJP also attempts to address women empowerment. “We will enable women with training and skills - setting up dedicated Women ITIs, Women wings in other ITIs. Set up a dedicated W-SME (Women Small and medium enterprises) cluster in every district.”
Senior party leader Murali Manohar Joshi, who headed the BJP Manifesto Committee, told reporters that the focus is on five Ts in the party's manifesto - talent, tourism, trade, tradition and technology.
"Our country has moved backwards in the last 10 years. The BJP manifesto focusses on things that will help the country bounce back," Joshi said. (KNN/SD)
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