With complex tax structure, expensive electricity, land & labour, can we make in India? – Faridabad MSMEs

Faridabad, Feb 25 (KNN) With the Union Budget to be announced in just next couple of days, the Faridabad industries have asked Union Finance Minister Arun Jaitley and the State Government for simplified tax structure along with certain tax cuts to help entrepreneurs make in India.

Speaking to KNN, Executive Director of Faridabad Industries Association (FIA), Col S Kapoor, said, “We want the corporate tax to be reduced.”

He said that the industry expects that the structure of taxes should be liberalised to give Make in India a boost and make Indian products competitive in the market.

“If our products won’t be competitive then how would can we Make in India, he said.

Highlighting other issues, FIA chief said that in Haryana electricity cost is comparatively much higher than other states and the industry has to pay around Rs 9/ per unit for it.

Apart from electricity, land and labour is also quite expensive here, he said.

“We have to think that if these three things are expensive, so can we make in India?” he said adding that finally the industries would be forced to move out of the state. (KNN Bureau)