MSME Ministry to introduce single-page registration form, hike investment limits: Pujari
Updated: Sep 18, 2015 03:19:04pm
New Delhi, Sept 18 (KNN) The Government is making a concerted bid to ease norms for doing business for Micro, Small and Medium Enterprises (MSME) sector by seeking to redefine MSMEs through a hike in investment limits in plant and machinery, introduce a single page registration form and doing away with the ‘prior experience’ clause under the Compulsory Public Procurement Order for such units, Anup K Pujari, Secretary, Ministry of MSME said today.
While deliberating at the FICCI- CMSME Summit 2015 under the theme, ‘Make in India: MSME Perspective’, Pujari said a Bill to enhance the investment limits for micro, small and medium enterprises has been introduced in the Lok Sabha. The investment limits in plant and machinery for the micro enterprises is proposed to be raised to Rs 50 lakh, of small enterprise to Rs 10 crore and medium enterprise to Rs 30 crore. The existing limit are Rs 25 lakh, Rs 5 and Rs 10 crore respectively.
The proposed amendment to the MSMED Act comes in the wake of changes in price index and cost of inputs consistent with the emerging role of the MSMEs in various global value chain.
The Ministry is also set to introduce a one-page form for registration of MSMEs to reduce paperwork and eliminate ambiguous wordage in the registration form.
Pujari said that the Ministry has been persistently trying to advise the Central and State Governments not to expect ‘prior experience’ in procurement from start-ups. Procurement agencies could well ask such enterprises to provide warranties on their products which were longer than those with ‘prior experience’.
The Secretary said that MSMEs, on their part, should communicate to the Ministry in crisp, unambiguous language to elicit precise responses.
The inaugural address by Kalraj Mishra, Union MSME Minister was transmitted to the delegates through a video recording. Mishra said that the difficulties faced by MSMEs in carrying out their business and the way these could be addressed should be communicated to the Ministry post the Summit and assured full support for their redressal.
Sanjay Bhatia, President, FICCI-CMSME and MD, Hindustan Tin Works Ltd, in his remarks, pointed out that a number of initiatives have already been undertaken by the Government to ease business environment for Indian industry, including MSMEs. However, a lot more can be done towards simplifying ease of doing business conditions for MSMEs, such as availability of modern and facilitating infrastructure, review of the existing regulatory and more.
R Narayan, Vice-President, FICCI-CMSME and Founder & CEO, Power2SME, said as India prepares for a new era of manufacturing, it is important to ensure that MSMEs are a crucial part of this transformation. The Make in India initiative has identified 25 thrust sectors including MSMEs where it is believed that these sectors can compete with global manufacturing volumes. (KNN Bureau)
While deliberating at the FICCI- CMSME Summit 2015 under the theme, ‘Make in India: MSME Perspective’, Pujari said a Bill to enhance the investment limits for micro, small and medium enterprises has been introduced in the Lok Sabha. The investment limits in plant and machinery for the micro enterprises is proposed to be raised to Rs 50 lakh, of small enterprise to Rs 10 crore and medium enterprise to Rs 30 crore. The existing limit are Rs 25 lakh, Rs 5 and Rs 10 crore respectively.
The proposed amendment to the MSMED Act comes in the wake of changes in price index and cost of inputs consistent with the emerging role of the MSMEs in various global value chain.
The Ministry is also set to introduce a one-page form for registration of MSMEs to reduce paperwork and eliminate ambiguous wordage in the registration form.
Pujari said that the Ministry has been persistently trying to advise the Central and State Governments not to expect ‘prior experience’ in procurement from start-ups. Procurement agencies could well ask such enterprises to provide warranties on their products which were longer than those with ‘prior experience’.
The Secretary said that MSMEs, on their part, should communicate to the Ministry in crisp, unambiguous language to elicit precise responses.
The inaugural address by Kalraj Mishra, Union MSME Minister was transmitted to the delegates through a video recording. Mishra said that the difficulties faced by MSMEs in carrying out their business and the way these could be addressed should be communicated to the Ministry post the Summit and assured full support for their redressal.
Sanjay Bhatia, President, FICCI-CMSME and MD, Hindustan Tin Works Ltd, in his remarks, pointed out that a number of initiatives have already been undertaken by the Government to ease business environment for Indian industry, including MSMEs. However, a lot more can be done towards simplifying ease of doing business conditions for MSMEs, such as availability of modern and facilitating infrastructure, review of the existing regulatory and more.
R Narayan, Vice-President, FICCI-CMSME and Founder & CEO, Power2SME, said as India prepares for a new era of manufacturing, it is important to ensure that MSMEs are a crucial part of this transformation. The Make in India initiative has identified 25 thrust sectors including MSMEs where it is believed that these sectors can compete with global manufacturing volumes. (KNN Bureau)
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