Industrialists express mixed reactions to budget

President of Kovai Power Driven Pumps and Spares Manufacturers Association K Maniraj welcomed 70% subsidy for solar-powered motor pumps.

Published: 15th February 2020 05:33 AM  |   Last Updated: 15th February 2020 05:33 AM   |  A+A-

By Express News Service

COIMBATORE: Industry bodies have expressed mixed reaction towards the budget. Some factors that were welcomed were increased in interest subsidy for loans to 5% in State Industrial Investment Corporation and plans to establish new SIPCOT.

President of Kovai Power Driven Pumps and Spares Manufacturers Association K Maniraj welcomed 70% subsidy for solar-powered motor pumps. However, he said there was no mention about establishing a new industry estate for Coimbatore-based MSMEs. “Similarly, our demands to convert electricity charges for SMEs consuming 10 HP power from III-B to III A2 has not been addressed,” said Maniraj added.

Stay up to date on all the latest Tamil Nadu news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp