- MSME plays a critical role in the growth of GDP
- India can develop only if the North East develops
Guwahati: Assam Governor Jagadish Mukhi has come to the front regarding the issue of development. India can develop only if the North East develops and the Union government is very keen to ensure that this happens at the earliest, Governor said.
While inaugurating the North East MSME Conclave 2018 Jagadish Mukhi said that the North East is the gateway to the ASEAN countries as well as other neighboring countries hence and can serve as a strong base for the nation’s economic growth.
MSME plays a critical role in the growth of GDP, Employment and Exports and the focus of ‘Start-Up Stand Up’ initiative was in this sector, he added.
Along with the Governor, CII-NE’s Co-Chairman Abhijeet Barooah also said that the Central and State Government has encouraged the MSME sector to grow in the NE region.
He also mentioned the various issues faced by this sector which includes lack of infrastructural development, connectivity, inadequate application of technology, non-availability of risk fund and absence of NE Industrial Policy.
Chairman CII MSME Panel and SBI’s Chief General Manager (NE Circle) PVSL N Murthy pointed out the contribution of SBI towards the development of MSME in the NE.
He urged for a joint effort by the stakeholders and government in building the linkage between the needy and the giver.
As per reports, He also highlighted some major issues like the poor accessibility of funds and utilization of venture capital and stressed the need for CII and banks to work together for the growth of the MSME sector.
The Conclave also held deliberations on bankers- entrepreneurs connect, building competitiveness and capacity building and marketing and branding large industry partnership and market linkage by eminent experts and senior officials from various stakeholders organizations, state and Central Government, it added.
Jagdish Mukhi is the Governor of Assam and a member of BJP and RSS. Past positions have included Lieutenant Governor of Andaman and Nicobar Islands, Minister of Finance, Planning, Excise and Taxation and Higher Education in the Delhi government