The Institute of Company Secretaries of India (ICSI) in association with Ministry of Micro, Small and Medium Enterprises (MSMEs) organised a seminar on Entrepreneurship, Skill Development and Governance in MSMEs at New Delhi. Secretary, Ministry of Micro, Small and Medium Enterprises, KK Jalan, graced the occasion as the chief guest and vice president, ICSI, CS Dr Shyam Agrawal presided over the seminar.
While addressing the audience, Jalan said that the contribution of MSME in the economy is governed by 80:20 ratio of employment generation to investment. Hence, it’s very important that it’s governed properly. ICSI can help in developing the Governance Model for MSMEs sector. Company Secretaries can start skill development centres to train the small scale entrepreneurs. ICSI can help the MSME ministry to develop a compliance facilitation centre or portal for SMEs and handhold the entrepreneurs on various laws and Governance issues. He also suggested that ICSI in association with the MSME Ministry may develop a course on Compliance Management for MSMEs sector.
CS Dr Shyam Agrawal informed that ICSI is developing a Compliance Management Portal for MSME sector to guide them on various legal compliances. After Agriculture, MSME sector is the second most important pillar contributing in the growth of GDP of India.
CS Vineet Chaudhary, council member, ICSI emphasised that the growth of MSME sector will help in achieving the Make in India initiative, as inclusive growth of MSME sector is very important for this initiative and Skill India initiative as this sector creates millions of jobs every year.
On the occasion two ICSI publications Rajasthan-Ease of Doing Business for MSME sectors and reference on Entrepreneurship, Skill Development and Governance in MSMEs were also released by Jalan.