"We do not approve LBT and our stand on abolishing it is clear. We are considering a suitable alternative in this regard," he told reporters here.

"I have myself suggested some alternatives and some have come from the concerned department. There will be further discussions on the issue in the next meeting," Fadnavis said.

The issue would also be discussed with the trading community in the state, he said.

Earlier, Fadnavis, who inaugurated the corporate office tower of Cosmos Cooperative Bank here, urged office-bearers of cooperative institutions to serve as "trustees" of people.

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