The Madras Chamber of Commerce & Industry (MCCI) broadly welcomes the Budget proposals presented by the State Finance Minister today.
 
This budget has been presented in the backdrop of a difficult  economic situation.
 
A number of welfare schemes have been proposed to support the various sectors as well as the general public.   
 
Great emphasis has been given to skill development  and training and the Chamber  welcomes this proposal.  This is  forward looking and is bound to have a long term impact.
 
The Chamber welcomes the proposal to improve and restore the water bodies as it will help us to mitigate the scarcity of water. Hopefully this would revive the farm sector in  the State.
 
The  proposal to set up a  ship building yard in Thoothukudi will encourage the logistics sector.
 
Adequate steps have been taken to improve the Power shortage by setting up many power projects. However, there is no indication about the  deadline for the completion of the projects.  The Chamber urges the State Government  to support commissioning  the Koodungulam power  plant at the earliest which would greatly  help the Industries to run their plants.
                                
There are no fresh proposals in respect of Commercial Tax levies.  This is a welcome step.
 
Though the Government had organised a pre-budget meeting  recently and a number of  tax issues were discussed,  it is hoped that the Government will take note of them and address them shortly.
   
The general slowdown in the global economy has also affected the State’s growth.  Keeping this in mind, the Government has taken  certain positive steps  to revive the economy  through this Budget.
                                                                
T.Shivaraman
President
 
September 2019
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30