Speed Post News Network
New Delhi : Union MSME and Road Transport and Highways Minister Nitin Gadkari on May 6, 2020, held meeting via video conferencing with the members of Fragrances and Flavours Association of India on impact of COVID-19 on startup eco system and MSMEs. During this interaction, the members expressed concerns over various challenges facing the MSMEs amid COVID-19 pandemic along with few suggestions and requested support from the government to keep the sector afloat.
Gadkari suggested to the Fragrances and Flavours Industry to focus on domestic production instead of using imported products and emphasised domestic production of bamboo. He added that industry should focus more on innovation, technology, and research skill to become competitive in global market, according to a PIB release.
Some of the major issues highlighted and the suggestions given included: Higher import duty on raw material and lower import duty on finished items, power and transport issues in North East region, payment of salaries to workers, strengthening access to finance, working capital issue, fast track Income tax refund to provide liquidity.
Gadkari responded to the questions from representatives and assured all possible help from the government. He informed that he would take up the issues with departments concerned.