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Medium, small and micro enterprises feel small

The medium, small and micro enterprises (MSMEs), which account for over 40 per cent of India’s industrial production, are unhappy over the fiscal measures that were announced today. Industry representatives from these sectors are likely to meet Prime Minister Manmohan Singh on Monday to present their unmet demands. “The measures may be incremental but inconsequential,” said Anil Bharadwaj, secretary general, Federation of Indian Micro and Small and Medium Enterprises. The MSME sector employs 31 million people in about 10 million units spread across the country. The sector ...