Budget 2017: The wish list for the Indian community

 |Oct 10, 2016
The Indian community hoping for more better economic empowerment in this country.
The Indian community hoping for more better economic empowerment in this country.

More goodies to alleviate the Indian economic empowerment should be ingrained in the next week’s Budget 2017, that’s the wish from one of the veteran Indian Chamber of Commerce leader in this country.

Speaking to Malaysia Outlook, Indian Chamber of Commerce and Industry Selangor (ICCIS) president P Muguntha said Prime Minister Najib Razak has given hope to the Indians however there are certain ‘fill in the gaps’ that need to be addressed in order to gain a solid trust and support from the government.

In expressing his wish list for the Indians in this country, Muguntha said the Prime Minister should look again in increasing the employment rate to 5% in government sector and government linked companies (GLCs).

Giving more direct job opportunities for the Indian community will certainly provide them a stronger trust towards the Barisan Nasional (BN) government.

In his second wish, Muguntha urged the Prime Minister to emulate micro credit loan facilities for the small enterprises which was introduced then by former premier Mahathir Mohamad via Bank Simpanan Nasional (BSN).

“Small Indian business and traders such as tea stall operators and road side florist does not know to write a business plan.

“No doubt Najib has introduced schemes in Tekun for the Indian traders to apply, however their application are bogged down or rejected for not complying the requirements.

“This creates unnecessary tension among the Indian traders which indirectly accuse the present government of the day not helping the Indians.” said Muguntha.

ICCIS president Muguntha praises Najib's effort to bring more economic empowerment to the Indians and hopes it will be double up in the upcoming Budget 2017.
ICCIS president Muguntha praises Najib’s effort to bring more economic empowerment to the Indians and hopes it will be double up in the upcoming Budget 2017.

He exampled that Indian traders without any choice had to borrow from ‘loan sharks’ to meet their daily need.

Muguntha told that financial institution are more interested to make profits for their shareholders rather than guiding and helping the people.

If these proper guidance and assistance are provided by the government, it will surely benefit all the races not only subjecting to Indians,  stressed Muguntha.

He hoped the government will take an extra edge in solving this situation.

On the other hand Muguntha also praised Najib for introducing The Secretariat for Empowerment of Indian Entrepreneurs (SEED) and Special Unit Program for Socioeconomic Development of Indian Community (SEDIC) however to his dismay there are lack of transparency in managing those units.

Muguntha claimed that those appointed to lead these units later become ‘little napoleon’ steering their own personal agenda.

“Transparency in helping the Indians is the utmost priority in these units.

“The board of management should have a clear intention to help the Indians aligned with the Prime Minister’s aspiration and vision.

“Don’t appoint people from political background, appoint someone who is more experienced and professional such as Arul Kanda who did a prudent task in 1MDB matter amid heavy criticisms,” pointed out Muguntha.

Finally, Muguntha hopes the government will also award more government contracts to Indian professionals.

He proposes at least 10% should be given for the Indian professionals such as engineers and architects to develop this country.