‘Increase power subsidy budget from Rs 1,200 cr to Rs 2,500 cr’
   Date :08-Feb-2021

Suresh Rathi _1 &nbs
 VIA President Suresh Rathi and others discussing the
industry issues with Deputy Chief Minister Ajit Pawar.
 
Business Bureau :
 
VIA is looking forward to receive the State Budget 2021-22, with prudent moves to not only support COVID-19 victim industries, but also initiatives for ‘ease of doing business’ by giving relaxation and simplification in procedures
 
 
A delegation of Vidarbha Industries Association (VIA) met Maharashtra Deputy Chief Minister Ajit Pawar here on Sunday and submitted a pre State Budget Memorandum pertaining to demand for industrial development of Vidarbha region. At the outset, VIA President Suresh Rathi appreciated the bold initiatives of the State Government and said that they are making a positive impact on the economy. VIA is looking forward to receive the State Budget 2021-22, with prudent moves to not only support COVID-19 victim industries, but also initiatives for ‘ease of doing business’ by giving relaxation and simplification in procedures.
 
The delegation deliberated the issues and suggestions in this context are Revision of Power Subsidy Budget to be increased from Rs 1,200 crore to Rs 2,500 crore for Vidarbha and Marathwada. In addition, VIA also raised issues like - changes in PSI Scheme with respect to export oriented units; double calculations of electricity benefits for units in Vidarbha; option to unit for SGST refund or capital subsidy; interest subsidy to delink with power bill; incentives to service sector; applicability of new MSME definition for PSI 2019; to consider off-line application under PSI 2013, before and after March 31, 2013.
 
The delegation also discussed the allocation of Textile Subsidy pending since 2016-17 by representatives from Textile Industries Vineet Mohota (Gimatex Industries Pvt Ltd); Aditya Bihani (Damodar threads Pvt ltd); Rohit Randher (Bhagirath Textiles Pvt ltd); Ayush Singhania (Sanskar Agro Processors Pvt ltd); Sumit Lakhani (Gurulaxmi Cottex Pvt Ltd) and Sarvesh Bajaj (Umiya Textiles Pvt ltd). Atul Pande, Immd Past President of VIA; O S Bagdia, former Vice President ad others were present. Ajit Pawar appreciated the efforts of VIA for overall development of Vidarbha region and for always giving the suggestions. He assured that he will try to take suitable action and try to implement the same.