Welcoming the decision of the Union Government in classifying the Micro, Small and Medium Enterprises (MSME) on basis of annual turnover, Himachal Chief Minister Jai Ram Thakur on Friday said that it would benefit the Micro, Small and Medium Enterprises and they could now be exactly categorized on the basis of their inherent ability.
“I believe that the decision will help ease of doing business and discourage those enterprises, which despite low level of investment and employment were able to achieve high turnover and avail tax incentive that were available to such enterprises,” he said in a statement.