Orissa looking forward to constitute MSME Ministry

15 Mar '10
2 min read

Orissa's Chief Secretary Tarun Kanti Mishra recently stated that, the state government is likely to constitute a ministry for Micro, Small and Medium Enterprises [MSME]. He also divulged that following Chief Minister's directions, a committee has been constituted which is to present its report within next three months.

The Chief Secretary who is heading the committee also added that subsequent to the conclusion of the ongoing State Assembly session, the committee is to meet and study various aspects of the proposed Ministry. The committee is to review a variety of features of MSME Ministries in other States and is expected to come out with a report that incorporate best features that follow from the study.

It is a concern that the per capita income in Orissa touches just 63 percent of the national average, Mishra said as he spoke at the open house session conducted on the last day of the 6th Entrepreneurs Week.

Director of Industries, Hemant Sharma, Secretary of Handloom and Textiles, Arati Ahuja and members of various small and medium industry associations also were present at the event.

Secretary of Industries, Sourabh Garg, while reacting to the queries posed by the industry associations seeking a 15 percent capital subsidy as upfront payment, stated that the government will be considering the proposal.

As he said this, he also elucidated that the government plan is to deviate from the subsidy system as it rallies round the MSME sector. He also divulged that the reconstructed OSFC aims at spending Rs. 200 million during the current financial year.

Fibre2fashion News Desk - India

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