FICCI seeks fiscal support for industry
Chief Minister Bhupesh Baghel has called on the industry to invest in his state Chhattisgarh, assuring that all necessary steps will be taken to allow the industry to function.
Addressing a special session via webinar on ‘Covid-19 Next Steps for Economic Revival’ on 28 April 2020, he said “We will provide all support to the industry to operate in Chhattisgarh and we welcome the industry”.
He also assured that his state government has taken various initiatives to boost demand and it is now for the industry to capitalize on the opportunity in sectors like steel, IT, among others.
Baghel further said that almost 80% of small scale industries have started production and government will take necessary steps to remove bottlenecks.
He also informed that the State Government has asked for financial support from the central Government. “We are trying to get support for the Central Government, and any support that we receive from the central Government will be transferred onward for the benefit of Industry,” said the chief minister.
“We are ensuring support to the farmers, workers and others so that there is continued demand for products. Chhattisgarh will always have a good market and therefore the business and industry will prosper in the state,” said Baghel.
Y K Modi, Past President FICCI, highlighted the need for ensuring smooth interstate movement of goods and requested the Chief Minister’s intervention in this.
Modi also highlighted the great liquidity crunch being faced by industry in general and the MSME sector in particular, pointing out that there is a need for providing strong fiscal support to companies to ensure that they are able to survive these difficult times.
The webinar was organised by FICCI on 28 Apr 2020. fiinews.com
