The Micro, Small and Medium Enterprises (MSME) sector is the backbone of Indian economy and holds immense potential to work with large PSUs including Indian Railways, said Confederation of Indian Industry (CII) Uttarakhand state council vice chairman Mukesh Goyal. He was speaking at the special plenary on business opportunities with Indian Railways for MSMEs in Uttarakhand.
Goyal said that MSMEs are providing employment to a significant population spread across rural, urban and semi-urban areas.
The sector has the potential to support the economy and strengthen the supply of products to PSUs and Central and State Government organisations.
The special plenary was part of a day long vendor development programme organised by CII in association with Research Designs and Standards Organisation (RDSO), Ministry of Railways and the National Small Industries Corporation Limited (NSIC).
CII Uttarakhand MSME panel convener Bipen Gupta said that MSME units are already operating in the State in large numbers and it is important to link them with Indian Railways and other large PSUs for their growth and development. RDSO quality assurance director Virendra Kumar Yadav informed the participants about the business opportunities for MSME units with Indian Railways, their vendor registration process and explained IREPS: Indian Railway e-procurement system.