Guwahati, Sept 24 IBNS | 11 months ago

Indian Chamber of Commerce (ICC) in association with State Bank of India, Small Industries Development Bank of India (SIDBI), Canara Bank, Union Bank and Industrial Development Bank of India in Guwahati on Tuesday at Nedfi House organized the NE MSME Conclave 2013.


The conclave was organized with the theme 'Competitiveness through Finance and Technology' where bankers and entrepreneurs met to discuss issues and find solutions and also discuss new initiatives in this sectors.

The conclave aims at aims at facilitating active dialogue with the policy makers and help create conducive environment for the growth of MSME segment in the region and also to address important and relevant issues of concern pertaining to the MSME sector like Technology and Environment, Infrastructure, Credit/ Finance, Marketing, Facilitation, etc.

Ishantor Sobhapandit, Regional Director ICC, in his welcome stated that the role of micro, small and medium enterprises in the economic and social development of the country is well established.

This sector contributes 8pc of the country's GDP, 45pc of the manufactured output and 40pc of its exports. The MSMEs provide employment to about 60 million persons through 26 million enterprises.

"The geographic distribution of the MSMEs is also more even. Thus, MSMEs are important for the national objectives of growth with equity and inclusion," said Sobhapandit.

Rajneesh Kumar, Chief General Manager, State Bank of India, Local Head Office Guwahati, said: 'MSME Sector plays a major role not just in the domestic market but in India's present export performance too. 45pc -50pc of the Indian Exports is contributed by MSME Sector. Direct exports from the MSME Sector account for nearly 35pc of total exports."

"Besides direct exports, it is estimated that small-scale industrial units contribute around 15pc to exports indirectly. This takes place through merchant exporters, trading houses and export houses. They may also be in the form of export orders from large units or the production of parts and components for use for finished exportable goods."

He further said: "It would surprise many to know that non-traditional products account for more than 95pc of the MSME exports. The exports from MSME sector have been clocking excellent growth rates in this decade. It has been mostly fuelled by the performance of garments, leather and gems and jewellery units from this sector.

"The product groups where the MSME sector dominates in exports are sports goods, readymade garments, woolen garments and knitwear, plastic products, processed food and leather products."

North-East India today stands poised as a major growth area, given the tremendous availability of natural resources coupled with attractive tax holidays.

"We believe, the mantra lies in increasing capacities of the local entrepreneurs of the North East and substantiating them to best utilize this potential by moving up the value chain," he said.

The MSME sector is a nursery of entrepreneurship, often driven by individual creativity and innovation. The role of micro, small and medium enterprises (MSMEs) in the economic and social development of the country is well established.

This sector contributes 8pc of the country's GDP, 45pc of the manufactured output and 40pc of its exports. The MSMEs provide employment to about 60 million persons through 26 million enterprises.

"The geographic distribution of the MSMEs is also more even. Thus, MSMEs are important for the national objectives of growth with equity and inclusion," he said.

"Bankers and Entrepreneurs should behave like brother with respect of MSME Sectors," said D. Sethy General Manager - Rural Planning and Credit Dept., Reserve Bank of India the regulatory body in India.

(Posted on 24-09-2013)