SCOPE hails the impetus to Businesses & MSMEs in the economic package of INR 20 lakh crores
To make ‘Atma Nirbhar Bharat’ for retracing economic growth
New Delhi: SCOPE (Standing Conference of Public Enterprises), apex body of Public Sector Enterprises welcomes the economic stimulus package of the Government to spur the economic growth and build a self-reliant and resilient India.
Mr Atul Sobti, Director General, SCOPE while appreciating the commitment of the Government said that the thrust given to various sectors through the economic stimulus would go a long way in bringing the economy back on a growth trajectory. “While the Government continues its responsibility towards migrants and the poor, the financial and other measures to MSMEs would play a significant role in boosting the Make in India initiative thereby making the country self-reliant on varied aspects. The impetus to MSMEs shall play a special role for the public sector as PSEs make 25% of its procurements from the said sector.” DG SCOPE added.
SCOPE also welcomes measures with respect to liquidity infusion in NBFCs, contractors and realty along with reduction of TDS/TCS rates which would ensure increase liquidity in the hands of common man thereby making way for increased demand.