Special Commissioner of Industries, Government of NCT Delhi, Rajiv Kale underlined the need to define and elaborate rules and policies governing micro, small and medium enterprises (MSMEs).
Special Commissioner of Industries, Government of NCT Delhi, Rajiv Kale underlined the need to define and elaborate rules and policies governing micro, small and medium enterprises (MSMEs). He said that the time had come to move from regulatory legislation to a progressive mindset.
Speaking at a FICCI-Confederation of Micro, Small and Medium Enterprises (CMSME) seminar on 'MSME Prosperity', organised with a view to empowering Indian MSMEs and build their competitiveness, Kale proposed that FICCI should take a lead and help in resolving the prevailing issues regarding definition of terms such as supplier, delay and non-payment to MSMEs by large corporates.
On ease of doing business, Kale said that it was very difficult for the prospective entrepreneurs to enter the business. He suggested that FICCI should walk with the prospective entrepreneurs and experience the journey with them and understand what impacts and hinders their progress.
Kale also urged that the State Level Advisory Board to expand its scope and focus on a wide range of issues. "Also, there is a need to introduce the provision of constituting sub-committees under the MSMED Act," he added.
Sanjay Bhatia, President, FICCI-CMSME and MD, Hindustan Tin Works Pvt Ltd, said that it was imperative to work towards removing the bottlenecks inhibiting the growth of MSMEs so as to enable the sector to respond effectively to challenges. Hence, providing a favourable ecosystem was a necessary part of enabling growth of MSME sector.
In his concluding remarks R Narayan, Vice-President, FICCI-CMSME and Founder & CEO, Power2SME, said that the role of the MSME sector as a development partner of the government faces fundamental challenges. Furthermore, the sector was largely dominated by informal sector. It was imperative for government-led sector development programmes to give a high priority to the development of MSMEs, promote entrepreneurship and ownership of enterprises especially among first generation entrepreneurs.