Mr. Hartmut Schauerte evinces keen interest in MSME sector

09 Oct '07

2 min read

Mr. Hartmut Schauerte, Parliamentary Secretary of State in the German Federal Ministry of Economics & Technology called on Dr. Chandrapal, Secretary, Ministry of Micro, Small & Medium Enterprises.

Mr. Hartmut Schauerte evinced keen interest in Indian Micro, Small & Medium Enterprises (MSME) sector, especially cluster development programme.

He said Germany could set up Information Centres on small and medium businesses in the line of their centres already opened in China, Indonesia and Singapore.

Mr. Hartmut Schauerte said that his country could help India in upgrading technologies in the MSME sector. Appreciating the Rule of Law in India Mr. Hartmut Schauerte said Germany was uninhibitedly keen to bring advanced technology here as there was no threat to Intellectual Property Right violation.

Welcoming the proposal, Dr. Chandrapal, Secretary MSME said, the Government had taken a number of steps to boost the MSME sector in recent months, including the enactment of the Micro, Small & Medium Enterprises Development Act, 2006.

Explaining the provisions of the Act, Dr. Chandrapal said it aims at facilitating the promotion and development of small and medium enterprises in a competitive way.

It seeks to empower the Central Government to notify programmes, guidelines or instructions for facilitating the promotion and growth of small and medium enterprises.

One of its primary objectives is to make provisions for ensuring timely and smooth flow of credit to small and medium enterprises, especially the unemployed youth of our country.

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