Punjab MSMEs Want Ease of Doing Business Post Elections

The micro, small and medium enterprises (MSMEs) of Punjab wants the new government which comes to power after elections to improve the ease of doing a business environment for the small sector in the state and also give attention to push the growth which the entrepreneurs said is at stand-still in the state.

With Lok Sabha elections round the corner, the political parties are making promises in their manifestos and rallies while the different sectors are expressing their expectations from the new government elected to power.

KNN India spoke to MSME associations in Punjab to know what they want the new government to focus on.

Federation of Punjab Small Industries Association (FOPSIA), President, Badish Jindal

Speaking about the challenges faced by the MSMEs, he said, “Whenever a new government comes to power and make changes in the policies and frameworks, the entire pressure and burden passes down to the industry.”

He said Punjab industries are facing a lot of challenges especially when it comes to ease of doing business (EoDB) environment in the state. “It is very hard for any new industry or Micro, Small and Medium Enterprises (MSMEs) to start their venture here. It is totally opposite of what we call EoDB.”

Every now and then new departments are formed and from April 1 cash transaction charges in banks are taking place which would have a negative impact on the industries, he said.

Jindal said, “I expect the government to reduce the taxes because with increase in taxes, the burden on industries also increases which further serves as a disadvantage and becomes a hindrance in the growth of industries."