Karnataka industry hails Union budget as development, infrastructure-oriented one
PTI, Feb 1, 2023, 6:19 PM IST
Industry bodies in Karnataka have termed the Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday as “development and infrastructure-oriented” and “one that has something for everybody.” Federation of Karnataka Chambers of Commerce & Industry (FKCCI), an apex organisation of industry, trade and service sectors in the State, termed the budget as an overall developmental and infrastructure-oriented one.
Stating that this is a progressive, development-oriented and people-friendly budget, FKCCI president B V Gopal Reddy said the chamber welcomes several initiatives announced by the Finance Minister in the areas of millets, health sector, tourism industry, ease of doing business, and the income tax slabs.
Speaking about the credit guarantee scheme for the MSME support, he said, “Earlier also, the scheme was there but there was a delay in reaching the beneficiary. This time an additional corpus of Rs. 9,000 crore has been announced for MSME credit guarantee, but we have to wait and see how fast it will reach the beneficiary.” Highlighting the support to millet-based products which “exclusively benefits Karnataka State,” along with the Central assistance of Rs 5,300 crores to Upper Bhadra Project, Reddy said in addition to that, ancillary industries in millet-based products should be supported.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
JD(S) indicates displeasure over issue of seat-sharing with BJP in Karnataka for LS polls
Mangaluru: CCB Police bust cocaine trafficking operation; Two arrested
Senior BJP leader Eshwarappa skips PM’s rally
PM Modi launches scathing attack on Rahul Gandhi over ‘Shakti’ remark
BJP leader Sadananda Gowda expresses displeasure over ticket denial, to share his “inner feelings”
MUST WATCH
Latest Additions
Opposition asks EC to act against PM’s Whatsapp message on ‘Viksit Bharat’
It’s hard to believe Pakistan’s Nadeem is struggling to get a new javelin: Neeraj Chopra
IPL 2024: Virat Kohli joins RCB training camp
Mumbai: 15% water cut on Mar 19 due to inadequate level in Pise dam
JD(S) indicates displeasure over issue of seat-sharing with BJP in Karnataka for LS polls