Ministry wants time cap on MSE sourcing

The ministry of micro,small and medium enterprises (MSME) has opposed a proposal by the department of industrial policy and promotion

Written by Press Trust Of India | New Delhi | Published: 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.

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement
Advertisement