ENA State 2025-03-06 16:12:57 <p><span style="font-size:14px"><strong>Indore, Mar 6 (KNN)</strong> Ahead of the 16th Finance Commission's visit to Madhya Pradeshs Pithampur, industry groups and associations fr0m Indore have submitted a comprehensive series of proposals aimed at strengthening the region's industrial, skill and tourism infrastructure.</span></p> <p><span style="font-size:14px">This initiative comes as part of the commission's ongoing assessment of financial landscape at both the Centre and state levels.</span></p> <p><span style="font-size:14px">A four-member team of the Finance Commission will visit selected industries in Pithampur and will interact with chosen industry representatives on March 7, 2025.</span></p> <p><span style="font-size:14px">The Pithampur Audhyogik Sangathan, representing the state's largest industrial hub, emphasised the pressing need for enhanced financial support to develop industrial corridors and improve power infrastructure.</span></p> <p><span style="font-size:14px">Gautam Kothari, President, Pithampur Audhyogik Sangathan highlighted the challenges faced by micro, small, and medium enterprises (MSMEs), addressing issues such as credit limitations, elevated logistics costs, and sluggish technology adoption.</span></p> <p><span style="font-size:14px"> Madhya Pradesh is an industrial hub, but, it lacks competitive fiscal incentives compared to other states, said Kothari.</span></p> <p><span style="font-size:14px">He also noted, We urge for central funding focused on MSME modernisation, R&amp;D, and export incentives.</span></p> <p><span style="font-size:14px">There should be provision for capital subsidy for industrial expansion in Tier-2 &amp; Tier-3 cities that will give a fillip to manufacturing and MSME segment, Kothari added.</span></p> <p><span style="font-size:14px">In addition, Confederation of Indian Industry (CII) advocated for the establishment of a substantial international airport within the state, alongside an air cargo hub and an aircraft maintenance and operations centre.</span></p> <p><span style="font-size:14px">CII maintained that as a landlocked state, Madhya Pradesh requires a world-class international airport to facilitate trade, enhance tourism, and improve connectivity, ultimately positioning it as a crucial economic and logistics hub for central India.</span></p> <p><span style="font-size:14px">The MP Committee of the Hotel &amp; Restaurant Association of Western India presented their requirements for substantial investments in transportation infrastructure, advocating for enhanced roads, railways, and air connectivity.</span></p> <p><span style="font-size:14px">They also underscored the necessity for developing world-class hotels and resorts to attract more tourists.</span></p> <p><span style="font-size:14px">The association emphasised the significance of skill development through the establishment of hospitality training centres, aimed at addressing the skill gap whilst creating employment opportunities and improving service quality in the sector.</span></p> <p><span style="font-size:14px">Selected representatives fr0m the industry sectors in Indore will engage with the Finance Commission on vital areas that require attention and support for sustainable development in the region.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41297 https://knnindia.co.in/news/newsdetails/state/pithampur-industries-push-for-financial-aid-msme-growth-ahead-of-finance-commission-visit 2025-03-06 16:12:57 knnindia.co.in