MSME policy announcement likely in October

01 Oct '16

2 min read

The medium, small and micro enterprises (MSME) policy is likely to be launched in October, according to Union minister for MSMEs, Kalraj Mishra.

In an interview with Fibre2Fashion, Mishra said, "A lot of people have asked for and made suggestions towards the MSME policy. We have a one man committee for the same. Our cabinet secretary earlier, Prabhat Kumar, is developing the policy, which will be launched by October." The interview was published in the September issue of Fibre2Fashion.

The minister emphasised on the close connection between the textiles and MSME ministries, and said, "The textiles industry can be developed only through MSMEs. This is all because of the coordination. Without any coordination, how can an MoU be signed and how can we open a technology centre in Kanpur.

"Within textiles, there are looms that weave fabrics. We have KVIC, KVIP and khadi. We have now also begun the use of solar energy. Things are developing. We also seek to support artisans. Artisans now use solar energy for the charkhas to earn more and for increasing productivity. We introduced solar energy very recently."

The MSME ministry is also planning to impart training in the field of textile engineering. Mishra said in the context, "Textile engineers today follow the same education process that was prevalent years ago. But we aim to provide training using latest technology. Technological developments are taking place at a fast pace nowadays. Advanced and latest technologies being used in the textiles industry will be brought to the centres for training purposes so as to improve the state of affairs in the textiles sector."

Read the full interview in the September issue of Fibre2Fashion, or online here.

Fibre2Fashion News Desk – India

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