'MSME sector to create an upsurge in employment opportunities'

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SME Times News Bureau | 11 May, 2016
Union Minister for micro, small and medium enterprises (MSME), Kalraj Mishra Tuesday said that the MSME sector to create an upsurge in the employment opportunities in the country.

He said, "There is a huge potential in MSME sector. It can create an upsurge in the employment opportunities in the country. Poised for rapid growth and integration with major global value chains, MSEs will make considerable impact in realizing "Make in India" vision. The sector has the potential to market its 'Made in India' brand globally."

This was stated by the Minister while inaugurating Cluster Development Programme and Launch of a compendium "Parcham" with brief collection of success stories of clusters development in New Delhi on Tuesday.

Misra said that the Micro and Small Enterprises - Cluster Development Programme (MSE-CDP) is being implemented by MSME Ministry for holistic and integrated development of micro and small enterprises in clusters through Soft Interventions such as capacity building, marketing development, export promotion, skill development, technology up-gradation, Hard Interventions like setting up of Common Facility Centers and Infrastructure up gradation in the new/existing industrial areas/ clusters of MSEs is being also taken up.

A total of 1018 interventions (i.e. diagnostic study, soft interventions and setting up common facility centre) in various clusters spread over 29 States in the country have so far been taken under the MSE-CDP Programme.

Out of 1018 interventions, 677 interventions have been completed. Under Infrastructure Development, 178 interventions have been carried out under MSE-CDP for new/up-gradation of existing infrastructure facilities, out of which 126 interventions have been completed.

The MSE-CDP scheme has proved to be a key strategy for enhancing the productivity and competitiveness as well as capacity building of MSEs in India. MSME through this scheme aims to promote entrepreneurship, generate employment and augment productivity.

The scheme has touched different sectors of the economy and eminently benefitted large number of enterprises, facilitating economies of scale in terms of deployment of resources.It has brought significant change in flourishing the MSE clusters in India and is expected to facilitate in their endeavor to become globally competitive and enable MSEs to move towards high growth trajectory.

On the occasion Minister of State, Giriraj Singh said that the cluster development approach has built a sustainable eco-system by facilitating investment, foster innovation, augment skill development. It plays a pivotal role in deriving the growth of SMEs in India by geographical proximity of cluster units. Development of clusters, thus, holds key to inclusive growth and plays a critical role in India's future.

He Expressed hope that the workshop would prove to be a perfect stage for interactions to help the Government plan, augment and execute various policies and programmes aimed at the sustained development of MSME sector in the country.