Over 25K engineering MSMEs left out of higher FTP sops: EEPC

Engineering exporters' body EEPC India today said it is "extremely disappointed" to find that at least 25,000 labourintensive industrial units in segments like agriculture machinery have been left out of enhancement of incentives under the MEIS in the mid-term review of FTP.
EEPC India Chairman T S Bhasin, in a letter to the Minister of State for Commerce and Industry C R Chaudhary, said that these micro small and medium enterprises (MSME) units should be extended the 2 per cent enhancement benefit under the Merchandise Exports from India Scheme (MEIS).
"Our members, belonging to the MSME sector have highlighted that many engineering sectors, which belong to the MSME and labour intensive segments have been left out while carrying out the review exercise and hence I seek your kind intervention to help these sectors in retaining their global competitiveness," the EEPC India Chairman said.

A high-level delegation from the engineering exporters' body would also be meeting the ministers and senior officials to press for justice to these exporters.
"The engineering sector is extremely disappointed with MEIS enhancement in the mid term policy review which has not recognised the sterling contributions by the sector in reviving India's exports against all odds ... there have been only a few lines where MEIS benefits have been enhanced in the engineering sector which has over 3000 tariff lines," EEPC India said in a statement.