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'MSME sector can boost job opportunities'
12
May '16
Union Minister for MSME Kalraj Mishra has said that there is a huge job creation potential in the sector.

“It can create an upsurge in the employment opportunities in the country. Poised for rapid growth and integration with major global value chains, MSEs will make considerable impact in realizing 'Make in India' vision. The sector has the potential to market its 'Made in India' brand globally, Mishra said while inaugurating Cluster Development Programme and Launch of a compendium “Parcham” with brief collection of success stories of clusters development.

Most of textile/apparel businesses come under MSME sector.

The Minister said that the Micro and Small Enterprises - Cluster Development Programme (MSE-CDP) is being implemented by MSME Ministry for holistic and integrated development of micro and small enterprises in clusters through Soft Interventions such as capacity building, marketing development, export promotion, skill development, technology upgradation.

Hard Interventions like setting up of Common Facility Centres and Infrastructure up gradation in the new/existing industrial areas/ clusters of MSEs is being also taken up, Mishra said.

A total of 1018 interventions (i.e. diagnostic study, soft interventions and setting up common facility centre) in various clusters spread over 29 States in the country have so far been taken under the MSE-CDP Programme. Out of 1018 interventions, 677 interventions have been completed. Under Infrastructure Development, 178 interventions have been carried out under MSE-CDP for new/upgradation of existing infrastructure facilities, out of which 126 interventions have been completed.

The MSE-CDP scheme has proved to be a key strategy for enhancing the productivity and competitiveness as well as capacity building of MSEs in India. MSME through this scheme aims to promote entrepreneurship, generate employment and augment productivity.

The scheme has touched different sectors of the economy and eminently benefitted large number of enterprises, facilitating economies of scale in terms of deployment of resources. It has brought significant change in flourishing the MSE clusters in India and is expected to facilitate in their endeavour to become globally competitive and enable MSEs to move towards high growth trajectory. (SH)

Fibre2Fashion News Desk – India

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