Exit Policy for Plastic Industries Demanded by MSME Directorate

In order to ensure best practices regarding environment protection, Directorate of Micro Small and Medium Enterprises (MSME) Director S Ziyaullah has asked government to initiate an exit policy for 'plastic industries' to bail them out following plastic ban.

Speaking at an interactive session on the topic ‘Food Processing, Agri Policy, and Labour Wage Code 2019’, organised by Karnataka Small Scale Industries Association (KASSIA), at District Small Industries Association, he said, ''Since, the government has decided to ban the production, sale and use of single-use plastic, in order to make healthy environment, the later should also initiate an exit policy for 'plastic industries' to bail them out following plastic ban.''

He also insisted that exit policy should be considered by the government to safeguard the interest of the plastic manufacturing industries.

''The issues would be raised with both state and central governments. This will help the government to formulate industrialist-friendly policies,'' he added.

Further, while commenting on the interactive session, Ziyaullah said the session was organised to understand the problems encountered by the entrepreneurs of MSME in the field and added that “once the problems are discussed, the government will find it easy to formulate the budgetary provisions for medium and small scale industries.''

''KASSIA will submit a proposal to the government immediately after identifying the solutions for problems,'' he asserted.

Obtaining loans from banks, conditions put forth in the appointments of company sectary, the problems faced by the cashew industrialists, APMC and KSFC; increased interest rate among others were the problems which were put forward by the participants.