ASSOCHAM had also organised an investmart in Madhya Pradesh which attracted huge industrial investment in the state as MoUs worth a staggering Rs 2.5 lakh crore across varied sectors like IT, biotechnology, food processing industry, agro-based industry were reportedly signed. The chamber strongly holds a view for assisting and stimulating clusters potential to achieve better productivity and contribution in state output.
Public-Private Partnership (PPP) will bring value addition through synergies between public authorities and private sector companies more particularly through the integration and cross transfer of public and private sector skills, knowledge and expertise, cost effective delivery of projects, design and construction of infrastructure.
Besides, e-Cluster model facilitates SME stakeholders for easy and speedy co-ordination between members, entrepreneurs, buyers-sellers and enables them to access vital information about marketing, best/profitable market price, market news and government notification.
It may be noted that the government assistance to unassisted clusters could improve the contribution of the MSME sector to GDP and make available additional jobs.The gains of cluster development have not yet been fully appreciated and understood, according to the ASSOCHAM study.
MSME sector is estimated to employ about 59 million people in over 26 million units throughout the country. Further, this sector has consistently registered a higher growth rate than the rest of the industrial sector.
There are over 6,000 products ranging from traditional to high-tech items, which are being manufactured by the MSMEs in India. It is well known that the MSME sector provides the maximum opportunities for both self-employment and jobs after agriculture sector.
Among those who participated in the interactive session included Mr Dilip Modi, president, ASSOCHAM, Mr R.N. Dhoot, senior vice-president, Mr Ravi Wig, chairman, ASSOCHAM SAARC council, Mr Vinay Rai, chairman, education and employment council and secretary general Mr D.S. Rawat.
Associated Chambers of Commerce and Industry of India (ASSOCHAM)