57,000 SMEs defunct in Gujarat | SupportBiz


57,000 SMEs defunct in Gujarat

One-sided policies of the BJP government are to blame, says Modhwadia.

The Gujarat Congress Party has accused state Chief Minister Narendra Modi of ignoring small- and medium-sized enterprises (SMEs) in favour of ‘corporate bigwigs’, reported Ciol.com.

The Congress stated that about 57,000 SMEs in the state have become defunct due to the one-sided policies of the BJP government. Arjun Modhwadia, Gujarat Congress President as quoted by the news agency PTI, stated: "Modi is not interested in addressing the issues of SMEs, and is more interested in according special treatment to corporate giants. Modi is offering MNCs and corporates like Tata Motors, Essar all incentives and even allotting them land at throwaway prices; as low as INR15 per square metre.” He was speaking at the party’s campaign aimed at ‘exposing rampant corruption’ in the state government.

Modhwadia has blamed the Modi government of allotting land to Tata Motors in Sanand (near Ahmedabad) for its Nano plant, after the company was forced to leave West Bengal, following a land row. He also stated that corporate giant Essar Oil has its refinery in Jamnagar. “Essar deferred INR9,100 crore payment of sales tax, which resulted into a loss of annual interest of INR1,200 crore to the state treasury," Modhwadia alleged.