Centre will stress development of MSMEs in the Northeast: Minister

It was clearly mentioned that the development of the small scale industry can uplift the economic condition of the state

Narayan Tatu Rane, Minister of Micro, Small and Medium Enterprises on Friday launched a special credit-linked capital subsidy scheme SCSCLS for the service sector in Guwahati.
Speaking at the event, Rane said that the entrepreneurs from the Northeast must contribute and support in fulfilling the dream of Make in India.
He urged everyone to become self-reliant and reduce the problem of unemployment. Rane added that increasing the production and marketing of MSME products will help in increasing the export of the country.
Entrepreneurs from various schedule tribes and schedule casts were felicitated at the event and distinction certificates were awarded to the successful trainees of the NSIC training centre of Guwahati.
The Union Minister said that the Centre will lay extra emphasis on the development of micro, small and medium enterprises (MSMEs) in the Northeast to ensure their economic prosperity in the region and propel the sector's contribution to the country's Gross Domestic Product (GDP).
He said that if the manufacturing base was strong, then it would generate employment and the development of the northeastern states played a vital role in the development of the entire nation
Its contribution to the country's GDP is 30 per cent, and MSMEs account for over 49 per cent of India's exports.
Entrepreneurs from various schedule tribes and schedule casts were felicitated at the event and distinction certificates were awarded to the successful trainees of the NSIC training centre of Guwahati.
Assam Industries and Commerce Minister Chandra Mohan Patowary said MSMEs have played a key role in shaping the socio-economic condition of the state.
Minister Narayan Tatu Rane at the event.
Image: Minister Narayan Tatu Rane at the event.
The region, surrounded by an international border of 5,182 km, serves as India's gateway to Southeast Asia, he said.
The government has enacted the Assam MSME (Facilitation of Establishment and Operation) Act, 2020 to create a business-friendly environment in the state, and according to this legislation, micro, small and medium units can be established without obtaining any permission, except fire and environment clearance, and operate for three years, he said.
With the Assam Ease of Doing Business (Amendment) Act 2020, more than 450 G2B (government to business) online services are available through a single-window portal that has a feature of an auto-renewal system of all clearances based on prescribed fees.
Several ministers from other states of the Northeast emphasized that such a conclave will help the region encourage entrepreneurship and enhance the competitiveness of the sector in the changed economic scenario.
They also urged the union minister and officials of the MSMSE ministry to build a robust infrastructure, provide market linkages, set up MSME parks, tool rooms and introduce a policy exclusively for the Northeast for the growth and prosperity of the sector.
The conclave was organized by the union ministry with an aim at promoting entrepreneurship and trade opportunities for MSMEs in the region.



Be the first to start a discussion here. Sign-in to write a comment now!