The emerging economic scenario in the country has thrown upon vast opportunities of development and diversification for the units in the Micro, Small and Medium Enterprise (MSME) Sector. This was stated by Shri Kalraj Mishra, the Hon’ble Minister of Micro, Small and Medium Enterprises, Government of India while inaugurating the 2-day Symposium on “Growth and Prospects of MSME Sector in Emerging Scenario” being organised by The National Institute for Entrepreneurship and Small Business Development (NIESBUD) in active association with Confederation of Indian Industry (CII) at India Habitat Centre during January 8-9, 2015.
The Sector owing to its inherent characteristics and innate strengths will play a much larger role in the revival of the Indian economy and emerge as a potent tool to exploit the demographic dividend being enjoyed by the nation at present, added the Minister.
The present Government’s initiative of “Make in India” and its emphasis upon increasing the share of the Manufacturing Sector in the Gross Domestic Product (GDP) from the present 14-15% to 25% by 2022, have the potential of transforming the fortunes of the Sector enabling it to scale hitherto unheard heights said the Hon’ble Minister in his Inaugural Address.
(L-R) Mr Arun Kumar Jha, Director General, NIESBUD ; Mr Surendra Nath Tripathi, Joint Secretary (SME), Ministry of MSME, Government of India ; Shri Kalraj Mishra, Hon’ble Minister of Micro, Small and Medium Enterprises, Government of India ; Mr Kavi Arora, Co-chairman, CII Northern Regional Committee on MSMEs ; Mr Sujith Haridas, Deputy Director General, CII.
Shri Kalraj Mishra delineating the plans and schemes of the Government of India for enabling the MSME units to play the role expected of them in the changing economic environment, impressed upon Panellist and Delegates of the Symposium to deliberate upon the strategies for strengthening the units so that their products are of world standard and easily acceptable in the global markets. The Government, he assured on its part is taking all steps for spreading the cult of entrepreneurship, skill development and sustenance of MSME units. Mr Mishra also expressed hope that the deliberations during the course of the Symposium would further strengthen Government’s efforts in this regard.
Mr Surendra Nath Tripathi, Joint Secretary (SME), in his Key Note Address, on the occasion, while highlighting the significance of the MSME Sector in meeting different socio-economic objectives, elucidated as to how the Industry breathes through MSMEs, we must ensure their sustenance in the changing circumstances if the GDP of the country is to grow at the desired rates, added Mr Tripathi.
Mr Arun Kumar Jha, Director General, NIESBUD while dwelling upon the rationale of organizing the Symposium at this point in time expressed the hope that the deliberations during the event will enable formulation of a Road Map for the Sector in the changing economic scenario. Mr Jha also briefly spoke about the recent initiatives of the Institute in the areas of Entrepreneurship, Skill Training and Hand-holding Assistance towards enterprise creation and employment opportunities.
While applauding the Government’s recent initiatives and renewed focus on entrepreneurship and skill training in the backdrop of ambitious initiative of “Make in India”, Mr Kavi Arora, Co-chairman, CII Northern Regional Committee on MSMEs advocated adoption of a coordinated approach by all the concerned stakeholders for holistic development of the MSME Sector.
The Symposium is being attended by more than 300 delegates representing different Government Ministries; Industry; Industry Associations; Academia; Financial Institutions; Support Organisations and Experts connected with the Sector.
New Delhi
8th January 2015
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