EDII celebrates International MSME Day

Ahmedabad, June 27, 2023: The Entrepreneurship Development Institute of India (EDII) on Tuesday celebrated the International MSME Day at its campus. The celebration marked the importance of MSMEs in India’s financial development. It additionally touched upon points surrounding the expansion and sustainability of MSMEs, and the options that may very well be applied to handle the identical.

Shri BM Prajapati, IAS, Additional Industries Commissioner (Extension), Industries Commissionerate, Government of Gujarat, graced the event as chief visitor. Other distinguished friends on the occasion included Shri Shailesh Patwari, Former President, GCCI, and Director, Nexus Group of Industries, and Shri Akash Pawar, Deputy General Manager Incharge, SIDBI, Ahmedabad. Shri DM Jadeja, Deputy Commissioner of Industries, MSME Commissionerate, Government of Gujarat, shared details about authorities initiatives for the expansion of the MSME sector.

Dr Sunil Shukla, Director General, EDII, in his opening remarks, mentioned, “The whole entrepreneurial motion is being led by MSMEs. The sector’s contribution is big. MSMEs assist preserve regional steadiness by addressing the problems of unemployment, poverty, and different disparities. Industries, policymakers, and establishments have to hitch palms in erecting a conducive ecosystem for MSME development. EDII has been working carefully with the state and central authorities in direction of uplifting the sector and bolstering its development.”

Shri BM Prajapati, IAS, Additional Industries Commissioner (Extension), Industries Commissionerate, Government of Gujarat, expressed, “There is lots of scope for interventions within the MSME sector, which is the spine of our financial system. The MSME sector must be fortified to unravel the issue of unemployment for teenagers. During COVID, MSMEs suffered probably the most. So, a number of areas have to be labored on, to strengthen the sector and restore the religion of our youth within the potential of MSMEs. We have begun a diagnostic research to establish the gaps. Cluster-wise knowledge is obligatory to know the sector and thus devise the proper insurance policies. So, efforts are stepping into and the outcomes might be heartening.”

Shri Shailesh Patwari, Former President, of GCCI & Director of Nexus Group of Industries, opined, “The want of strengthening the MSME sector is large and lots of handholding needs to be facilitated. A system needs to be instituted to make sure that the advantages crafted for MSMEs, attain the sector. Several sectors have to be promoted; as an example, the textile sector relies upon largely on imports for a number of objects. This sector, subsequently, holds an enormous potential and have to be suitably promoted. So, emphasis must be positioned on market analysis, in order that MSMEs are promoted within the areas the place there’s potential.”

Shri Akash Pawar, Deputy General Manager, Incharge SIDBI, Ahmedabad mentioned, “SIDBI was formulated to give attention to MSME development, and with a number of well-meaning insurance policies, we’re looking for to encourage individuals, particularly youth to arrange MSMEs. SIDBI has adopted the mode of maximising its outreach by following the aims of ‘Promotion’, ‘Finance’, and Development of MSMEs.’ I urge all upcoming entrepreneurs to derive advantages from SIDBI’s formidable and entrepreneur-friendly schemes.”

Shri DM Jadeja, Dy. Commissioner of Industries, MSME Commissionerate, Government of Gujarat, made a presentation specializing in numerous schemes undertaken by the state authorities for MSME development. Shri Jadeja emphasised that amidst broadly evolving applied sciences, the Government’s function turns into all of the extra important in making certain that MSMEs grow to be technologically-oriented and forward-looking, as a substitute of fearing development and closure.