Small businesses are hopeful that the forthcoming 2009 government budget will provide further financial relief. MSME believes a rationalization of taxes would give the industry a revitalizing shot in the arm. Specifically, MSME wants tax holiday extensions for export-oriented units (EOUs) and software technology parks (STPs), benefits under Section 80-IA, and giving infrastructure status to social sectors such as health and ...
Special Economic Zones, Export Oriented Units boost employment and manufacturing activity
By
Biz2Credit Advisor
Union Minister for Commerce and Industry, Kamal Nath, stated that the Special Economic Zones (SEZs) and Export Oriented Units (EOUs) have significantly raised employment and boosted manufacturing activity in the country. Speaking at the Export Awards function organized by the Export Promotion Council for EOUs & SEZs (EPCES) in the national capital today, Nath informed that during the period 2003-04 to ...
