New Delhi, Nov. 8 -- Laghu Udyog Bharati, a national association of micro and small industries, has opposed the move by the Union Government to amend the definition for Micro, Small, and Medium-scale Enterprises (MSMEs) based on turnover.
''If the Government makes changes in the definition, which is proposed to be based on the turnover of each unit, several micro or medium-scale units can be classified as a small-scale unit and larger industries will come under the medium category. This will lead to higher competition for micro and small-scale units. Therefore, the handholding and benefits extended by the Government will benefit the larger and medium-scale units rather than the micro and small-scale ones,'' said State president of Laghu Ud...