‘Mid-size enterprises neglected under MSME ministry’: FISME

New Delhi: Middle-scale enterprises face policy bias from the Ministry of Micro, Small and Medium Enterprises (MSME) and the administrative control of the such enterprises should be shifted to the Ministry of Commerce and Industries, according to the Federation of Indian Micro and Small & Medium Enterprises (FISME).

In its budget recommendation to the Finance Minister, the industry body has suggested several steps for better support of medium scale industries, which it says, have not been adequately supported on the policy front.

It mentioned that the medium scale enterprises are barred from the public procurement policy which mandates 25 per cent procurement from micro and small enterprises.

“It even bars medium enterprises from seeking relief against delayed payment through facilitation councils. The ministry seems to have much bias against medium enterprises,” said the pre-budget recommendations.

It added: “Keeping in view that medium enterprises have specific needs and they do require policy attention, it would be better that their administrative control is shifted from Ministry of MSMEs to Ministry of Commerce and Industries.” (IANS)

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