Based on the response from industries, many of the initiatives undertaken by the Government of Jharkhand have been able to effect a tangible change in the Micro, Small and Medium Enterprises (MSME) ecosystem in the State”, said Joint Director, Department of Industries, Alok Kumar, at the inaugural session of a conference on ‘Strengthening MSMEs – Enabling Growth’ organised by Confederation of Indian Industries (CII), Jharkhand here on Saturday.
Stressing on the need of the fast growth of MSME Kumar said, “Banks also need to be much more proactive in providing finances to the MSMEs. There has been decrease in red tapism, improvement in ease of doing business and cost of doing business in Jharkhand. Today the priority of the government is ease of doing business and entrepreneurship development. Today Jharkhand has been ranked one of the most vibrant states for doing business.”
On the issue of clearances and approvals he said, “The situation has improved and the MSMEs need to focus on quality of their products. Most of the industries which has come up or expanding their business after Momentum Jharkhand – Global Investors’ Summit belong to the MSME sector.”
Speaking on the occasion Director- In charge, MSME Development Institute (DI), PK Gupta, said, “Through procurement and marketing schemes of MSME-DI, the MSMEs can participate in domestic trade fairs. The institute also has schemes through which industry can participate in international trade fairs and it also has policies under which it sponsors industry delegation.”
Gupta further said, “The MSME-DI organises vendor development programmes with Central Public Sector Enterprises (CPSE). It is now mandatory that CPSEs purchase 25 per cent of their total procurement from MSMEs.”
He encouraged the MSMEs to take advantage of policies and schemes available with MSME-DI.
Addressing the gathering, Sanjay Sabherwal, Chairman, CII Jamshedpur Zonal Council said, “There should be a collective effort between the government, private sector, industry groups, training organizations and MSMEs themselves is the most effective way to tackle the barriers that Indian MSMEs face.”
Amitava Bakshi, Vice Chairman, CII Jamshedpur Zonal Council said that 30-40 per cent of steel is consumed by the MSMEs in Jharkhand. Capability building is also crucial for the overall growth of the MSMEs along with sustainability, he added and emphasised on the need for infrastructure creation for the growth of the MSMEs.
Tapas Sahu, Convener, CII Jharkhand MSME Panel and Executive Director said that the MSMEs are the backbone of the Indian industry. He further said, “MSMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural and backward areas. MSMEs are complementary to large industries as ancillary units.”