FISME to hold consultations on amendment in MSMED Act on 4th Feb in New Delhi
New Delhi, Jan 28 (KNN) The Federation of Indian Micro and Small and Medium Enterprises (FISME) with the support of the Ministry of Micro Small and Medium Enterprises (MSME) is holding a consultation meet on February 4, 2020 with Industry associations on amendments in the MSMED Act.
The consultation will be held to review and propose changes in the MSMED Act in order to give a representation to the Ministry.
The said meeting will be chaired by Ram Mohan Mishra, Special Secretary & Development Commissioner MSME.
''To provide the administrative and promotional framework for MSMEs, the MSMED Act was enacted in 2006. Ministry of MSME has now constituted a Working Group to review and propose changes in the Act based on experience of last 14 years and also propose additions to address new challenges,'' FISME said in a communication to the industry bodies.
'As a member of the Working group, FISME in support with the Ministry of MSME is holding Consultations with Industry associations.
The MSME body further requested the participants to actively share the views on the issue. (KNN/ AS)