Delegation of FICO meets Amrendra Sinha

Ludhiana, July 28, 2014: A delegation comprised of Gurmeet Singh Kular (President) and Manjinder Singh Sachdeva (General Secretary) of Federation of Industrial and Commercial Organisations (FICO), Ludhiana along with S.S Dhillon (Director, Micro Small Medium Enterprises Development Institute, Ludhiana) met Amrendra Sinha, Additional Secretary-cum-Development Commissioner MSME, GoI. They raised certain issued with him
Delegates said as trends of the global market is changing very fast and the industry is supposed to keep themselves up-graded, therefore give TUF scheme for bicycle industry on pattern of textile industry up to Rs.40 crore, so that the industries can up-grade its technology with changing time  and increase its  market share in global market.
They also sought raising exemption limit of central excise from Rs.1.5 crore to Rs.3 crore. Besides, they demanded that limit of CLCSS should be increased from Rs.1 crore to Rs.5 crore.