Press Release

ASSOCHAM to submit MSME convention report to Uttar Pradesh government

ASSOCHAM to submit MSME convention report to Uttar Pradesh government

30th June 2022, LUCKNOW: The country's leading industry body, Associated Chambers of Commerce and Industry of India (ASSOCHAM), in association with the Ministry of MSME, Government of India, had organized Uttar Pradesh MSME Sammelan 2022, which underlined the important role of Micro, Small and Medium Enterprises (MSMEs) in making the country self-reliant and in the field of employment. Following the success of the recently concluded event in Lucknow, the Chamber will now submit a report on it, along with the suggestions received for the upliftment and progress of MSMEs, to the Uttar Pradesh (UP) government.
 
The two-day event, which commenced on World MSME Day (June 27), witnessed entrepreneurs, industrialists and experts associated with varied sectors including MSME, Finance, Technology and Services participating in it from around the world. They shared their experiences and suggestions at the event that was themed - Transforming MSMEs Competitiveness.
 
The Deputy Chief Minister of Uttar Pradesh, Shri Brajesh Pathak inaugurated the conference while the Governor of The State, Smt. Anandiben Patel, addressed the concluding session on June 28. Union Minister of State for MSME, Shri Bhanu Pratap Singh Verma, in his address at the event, highlighted the work done by the Central Government for the upliftment of MSMEs, while UP’s MSME Minister Shri Rakesh Sachan, Shri Abhishek Prakash, Secretary (Infrastructure and Industrial Development) and CEO, Invest UP, and CEO UP Expressways Industrial Development Authority (UPEIDA), Shri Awanish Kumar Awasthi spoke about the steps being taken in the field of industrial development in the state.
 
Shri Awasthi shared those five expressways are being built in UP, which will also have industrial areas being developed along these expressways. He suggested that ASSOCHAM should take up the challenge to sign MoU to develop these industrial areas and bring forward young entrepreneurs.
 
Uttar Pradesh Chief Minister Yogi Adityanath has set a target of making the state a $1,000 billion economy and the small-scale industries are expected to play an important part in helping to achieve the goal. The MSME sector is the second-largest job-generator in the state after agriculture. It’s an umbrella sector to varied industries like leather, handicrafts, carpets, milk and milk products and food processing industries.
 
All the speakers at the conference unanimously agreed about the important role that MSMEs will play in making the country a $5-trillion economy, financially self-reliant and in providing employment. Overall, there are more than 6-crore MSMEs in the country, which provides employment to more than 11- crore people. It not only accounts for half of the country's total exports, but also contributes close to 30 percent of the country's GDP.
 
Experts from various sectors believe that skill development is important in the development of the MSME sector. Since there is a shortage of skilled workers in many sectors of MSMEs, a database of skilled craftsmen and technicians of every field needs to be maintained and made available in the industries. It also needs to undertake digitization of business and branding of products to strengthen the sector, reduce cost and increase competition. Other factors that will help the sector are the provision of a timely financial facility, marketing network of products, safer and better facilities to transport the goods to their destination, increasing research and development (R&D) to make products, among others.
 
On the concluding day of the event, Governor Smt Anandiben Patel, in her address, laid emphasis on interaction and coordination between the industries and research universities. Citing the example of the Army collaborating with Chandigarh University for 10 projects, she added that likewise industries should be associated with research institutes of UP. It will also motivate the youth to work hard.