July 24, 2013 1:56:34 am
The ministry of micro,small and medium enterprises (MSME) has opposed a proposal by the department of industrial policy and promotion floated in a Cabinet note to let multi-brand retailers continue sourcing items from small and medium units without a time cap even after crossing a minimum investment limit.
The ministry is of the opinion that a three-year period from the day an MSME outgrows the $2 million limit of would provide required space to equip itself… without being covered under the 30 per cent rule,a source said.
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