Budget 2014-15: IDSA asks govt to give more sops to MSME sector

In a budget wishlist, IDSA has asked the government to create a conducive environment to attract more FDI in the country which will create more employment opportunities.

"We need to incentivise setting up of micro, small and medium enterprises in Tier II and Tier III cities to boost Trade and Commerce Activities in the region. It will create a competitive level playing field with other emerging economies," said IDSA Secretary General Chavi Hemanth.

The association also asked the government to implement the Goods and Services Tax (GST) reforms.

"To keep the faith of so many industries and to simply the tax structure, rapid implementation of uniform GST is needed in order to decrease compliance burden for Businesses as well as reduce paper work while making tax system simpler and transparent," she said.

The direct selling body further asked to stabilise price of food items, continue with the gas subsidy, provide more grants to the milk industry and modernize rice industry. 

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