Plastics industry seeks export schemes, tax benefits for MSMEs

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  1. All India Plastics Manufacturers’ Association(AIPMA) has said that plastics industry is under severe stress due to environmental challenges.
  2. They have asked the government for export promotion schemes for Micro,Small, Medium Enterprises(MSMEs) in the plastic sector and removal of anti-dumping duty on machines not made in India.
  3. The industry has sought allocation of 25% of the land available at all industrial corridors for MSMEs at discounted rates.Additionally,it appealed to the government to make lending to MSMEs more convenient.
  4. Further,they have also asked for the establishment of a helpdesk for MSMEs at banks and the current limits under the Credit Guarantee Fund Trust for Micro and Small Enterprises(CGTMSE) scheme needs to increase to ₹4 crore.
  5. They have also demanded direct tax exemption on export income and income generated directly or indirectly from indigenisation as well as import substitution exemption for a period of five years.