Tirupur: Knitwear industrialists here are excited about the prospects of earning geographical indication (GI) tag for the products manufactured in the cluster.
In its first meeting under new Finance Minister Nirmala Sitharaman, the GST Council has extended the deadline for filing annual returns by two months. The all-powerful council decided to extend the deadline to file forms GSTR-9, GSTR-9A and GSTR-9C till August 30, 2019. The earlier deadline to file these returns was June 30, 2019.
Terming employment generation as one of his priorities, MSME Minister Nitin Gadkari on Thursday said that the MSME sector offers huge potential and the government is ready to come out with special policies to promote import-substitute products.
The Textile industry is one of the largest source of employment generation in the country with over 45 million people employed directly and another 6 crore people in allied sectors, including a large number of women and rural population.
Finance Minister Nirmala Sitharaman on June 21 chaired a pre-Budget meeting with Finance Ministers of states and Union Territories.
Jaipur: Nearly 500 companies got approval on the MSME ordinance portal launched nine days ago by chief minister Ashok Gehlot for setting up projects and all were given approvals immediately by the nodal agency of the industries department.