Centre assures to resolve problems of industries in Coimbatore

Government has assured it would work very closely with industry bodies in the region to ensure that all their problems, especially those of MSME sector, post-demonetisation were resolved at the earliest, according to an industry delegation.
This was informed by Union Urban Development Minister M Venkaiah Naidu to a three-member delegation which recently visited Delhi and presented memorandums to various central government ministers and officials on the problems faced by the industries in the regin following demonetisation of high value currency notes.
The delegation comprising the heads of local chapter of Indian Chamber of Commerce and Industry Vanitha Mohan, Coimbatore District Small Industries Association V Sundaram and Southern India Engineering and Manufacturers Association K K Rajan had handed over copies of the memorandums to Naidu.

He had taken up the matter to the attention of Prime Minister Narendra Modi yesterday, Mohan said today.
"We were called by Naidu over phone yesterday morning to inform that they all will work very closely with us to ensure that all the problems are resolved at the earliest," she said in a release here today.
The Prime Minister had, through Naidu, asked the members of the delegation to approach his office for any problems while complying with the norms of the government, she said.

The delegation had conveyed representations made by more than 50 industrial and trade associations, most of them being SMEs, to Union Minister for MSME, Kalraj Mishra, Minister of State for MSME Giriraj Singh and MSME secretary, K K Jalan.

It also met Union Minister of State for Finance, Arjun Ram Meghawal, Union Minister for Labour and Employment, Bandaru Dattatreya and Joint Secretary in Prime Minister's Officer, Tarun Bajaj, she said.
While MSME ministry assured to take remedial measures at the earliest to tackle the problems particularly opening accounts for workers, Meghawal has promised to take immediate steps to ensure availability of cash with banks especially the small denomination currency.
He has also promised to talk to Regional Director of RBI to ensure adequate funds are available in Coimbatore to meet the requirements of industry and to assess the amount of new currency which has been deployed in industry and ensure equitable distribution to all parts of the country.

Dattatreya assured to work closely with the associations to iron out any kind of problems faced on the statutory obligations aspect, the release said.