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Business EconomyPosted at: Jan 22 2017 1:39PM


Interest rates for small industries needs to be reduced further : Deodhar

Thane, Jan 22 (UNI) Noted Technocrat and industrialist Prabhkar Deodhar has underlined the dire need for reduce the interest rates for loan on small and medium industries in the country for their survive.
He was also former Chairman of the electronics Commission of India.
Addressing the three-day MSME meet here yesterday, he said that in the past when the various benefits and schemes were being announced for the Small Industries the results were visible within a period of couple of years.
"This time around even after the announcement of the schemes for the small industries the results are no where to be seen," he said.
He also asked the small industries to compete with the imported products especially with those from China in price and after sales service besides quality and if this is not not taken seriously and acted upon in the coming few years the small industries will vanish he warned.
During Indira Gandhi regime various schemes were announced for the small industries and the results were visible within the next couple of years which is not the present case, he said.
Mr R B Gupte, Director of MSME Ministry, told mediapersons that the programme was receiving good response year after year and there is additional need to encourage the small industries to showcase their products and talents. This has been done with a purpose of informing the PSUs and big industries of the facilties and opportunities available in the small scale sector.
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