Representatives of the President of the Chamber KRB Prakache, Vice President Sudhir Mulagada and Vizag Development Council Representative O Naresh Kumar met the Minister here on Monday and discussed various issues to improve the ease of doing business. They also suggested some issues within the scope of improving trade and commerce.
They have requested the government to release incentives under the SEIS program to all service providers who provide services from India to organizations outside India which have been on hold for 2 years. Request a release of these incentives, as this will provide working capital and also ease the interest burden on capital borrowings.
They informed the Minister that many state governments such as Uttar Pradesh and Gujarat have granted industry status to Logistics sector. The logistics sector was granted infrastructure status in 2017. By granting industry status to the sector, the activities of the logistics sector will be considered as industrial activities by all state development authorities in the framework of land use and will significantly reduce the cost of installing the units. Industry status also provides many benefits such as in the areas of land conversion, warehouse construction and property taxes, and will also attract investment supporting the various state government projects.
They urged the minister to exempt SEZ material inputs and rent improvement should also be exempted for the years 2020 and 2021 due to Covid.
They bring it to the minister’s attention about lakhs of metric tons of wheat in ports due to a government circular. The cargo is damaged due to the monsoon and the supply chain has been disrupted due to the government’s overnight decision which has led to many exporters being hit by cargoes at the ports. About 1.6 lakh metric tons of wheat lay in Vizag port alone.
The chamber representatives asked the Ministry of Commerce to facilitate the export of goods that are already in the ports.