The recently announced interim budget has evoked mixed reactions among India Inc, including small and medium enterprises (SMEs). While the Confederation of Indian Industry (CII) has welcomed some of the measures proposed by the government, the interim budget has been given a thumbs-down by other industry bodies like Indian Chamber of Commerce and Industry (ICCI), Apparel Export Promotion Council (AEPC) and Associated Chambers of Commerce and Industry of India (ASSOCHAM), among others. Industry representatives have applauded the government initiatives to increase funds for the infrastructure and social sectors. The move to extend the interest subvention scheme from March-end 2009 to September-end 2009 to exporters, including Wholesale garment accessories at best price , handloom, marine, gems & jewellery and SMEs has also been welcomed. However, a majority of the small units are discontent with the budget. Exporters are disappointed over the mere extension of interest sub...
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