The Pre-budget expectation quote from UdayaBhaskar Rao Abburu, CEO & Managing Director, iRAM Technologies
Posted on: 02/Jul/2019 5:37:39 PM
"Today, MSMEs are facing the problem with liquidity due to non-cooperation from banks. Although the government has the CGTMSE scheme, it is still not being implemented properly by banks. My expectation from the budget is that MSMEs and Indian start-ups should be given preference to participate in smart cities projects. In order to boost domestic manufacturing, we expect our honorable Finance Minister to provide duty exemption to those vendors who import raw materials for smart cities projects. This will give price parity for Indian manufacturers to compete against Chinese imports."
