MSME virtual repository launched by IIA in UP
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2011-01-04

MSME virtual repository launched by IIA in UP

Micro, Small and Medium Enterprises (MSMEs), which account for 17 per cent of India’s Gross Domestic Product (GDP), have a reason to cheer in 2011. A virtual MSME repository has been launched for the

Micro, Small and Medium Enterprises (MSMEs), which account for 17 per cent of India’s Gross Domestic Product (GDP), have a reason to cheer in 2011. A virtual MSME repository has been launched for the benefit of the sector by industry chamber Indian Industries Association (IIA). The repository named MSME Data Centre will offer useful and relevant information regarding the MSMEs in both offline and online modes. Uttar Pradesh has an estimated 1.2 million MSME units comprising registered and unregistered units across the state, contributing almost 60 per cent to its industrial output.

In the first phase, the repository has been made available to the members, however, later it would be upgraded to the public domain for seeking information about the sector.

"The Centre will not only emerge as a useful information resource, but improve the efficiency of the chamber to act pro-actively for the benefit of the sector," IIA President Anil Gupta was quoted as saying.  MSME Knowledge Bank (MKB) of IIA had already been collecting, collating and disseminating useful information pertaining to the sector. Now, this will be done electronically.

Major MSME pockets in the state of UP include Varanasi, Allahabad, Moradabad, Saharanpur, Lucknow, Kanpur, Agra, Ferozabad, Meerut, Bhadohi, Ghaziabad, Noida, Bareilly, Gorakhpur, Khurja, Aligarh and Mathura. The MSMEs in the state have been demanding the state government to pro-actively nurture the sector and provide incentives in terms of special economic zones, cheaper land availability, uninterrupted power, congenial policy regime, cheaper credit, capacity building and marketing support.

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