Noida entrepreneurs for raising excise limit in Budget

Noida Feb 26 (KNN) The Noida MSMEs have urged Finance Minister Arun Jaitley to raise the excise limit upto Rs 5 crore keeping in mind the high cost of production for the MSMEs which makes them un-competitive in the global market.

Noida Entrepreneurs Association (NEA) President Vipin Malhan, in an interview to KNN, said that the rates of raw material, labour, infrastructure etc have gone up in the last few years.

Because of this the cost of production for the industry is quite high and on top of that easy import policy for our country gives the domestic industry a cut throat competition from the Chinese goods, Malhan explained.

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