Yes, the comments made by Tiruppur Exporters and Manufacturers Association President Muthurathinam regarding the Tamil Nadu budget reflect the concerns of industrialists. Specifically:
- Electricity charges and tax reductions: The budget did not address the increasing electricity costs and tax reductions, which are crucial for small and medium-scale industries as well as export businesses.
- Lack of sufficient support for the textile industry: The textile sector, a major industry in Tamil Nadu, did not receive any special incentive schemes.
- No initiatives to promote cotton cultivation: There were no announcements to boost local cotton farming, which is essential for the textile industry’s sustainability.
- Not industry-friendly overall: The budget did not provide adequate measures to attract new investments or support existing industries.
These shortcomings may have led to disappointment among industrialists. It remains to be seen whether the government will take any corrective measures to address these concerns.
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