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2013-09-25

Bankers, entrepreneurs call for growth of MEMES in North East

Bankers and entrepreneurs emphasised the need for facilitating active dialogue with policy makers and help create conducive environment for the growth of MSME segment in the North East.

Bankers and entrepreneurs emphasised the need for facilitating active dialogue with policy makers and help create conducive environment for the growth of MSME segment in the North East.

 

Addressing the North East MSME Conclave 2013, ICC Regional Director Ishantor Sobhapandit said that the role of MSMEs in the economic and social development of the country was well established.

 

This sector contributed 8 per cent of the country's GDP, 45 per cent of the manufactured output and 40 percent of its exports, besides providing employment to about 60 million persons through 26 million enterprises.

 

SBI Chief General Manager (Guwahati Head Office) Rajneesh Kumar said that the sector plays a major role not only in the domestic market but in India's present export performance too.

 

The "mantra lies in increasing capacities of the local entrepreneurs nd help them to best utilize this by moving up the value chain," he added.

 

The conclave organised by the Indian Chamber of Commerce, in association with State Bank of India, Small Industries Development Bank of India (SIDBI), Canara Bank BSE -1.00 %, Union Bank and Industrial Development Bank of India also discussed issues aimed to find solutions and new initiatives in this sector.

 

The conclave with the theme 'Competitiveness through Finance and Technology' also addressed important and relevant issues of concern pertaining to the MSME sector like Technology and Environment, Infrastructure, Credit/ Finance, Marketing and Facilitation.

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