Govt to announce new measures to boost medium and small scale industries

The Centre is also expected to reach out to states on various other issues in order to bring down prices of products during the GST Council meetings.

The Centre will soon make some important announcements to boost medium and small scale industries, exports and the textile sector. If government insiders are to be believed, a September 27 Cabinet meeting had thrashed out proposals related to providing stimulus to medium and small-scale industries, exports and the textile sector.

Notably, these sectors have failed to perform to their optimum strength in last few quarters.

"Some important announcements aimed at giving a shot in the arm to these sectors will be made in the next few days," ET quoted a senior government official as saying.

It is worth mentioning here that these moves were initiated even before RSS chief Mohan Bhagwat expressed his views in his recent annual Dussehra address at Nagpur.

The Centre is also expected to reach out to states on various other issues in order to bring down prices of products during the GST Council meetings.

Source: ET


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