Entrepreneurs
from six states to discuss concerns at MSME conclave PHDCCI's two day
long conclave themed on
'aapki kahani-
aapki zubaani'
kicks off
National Tele24
News
Chandigarh
Aimed
at making national economy more strong by empowering the MSME Sector, PHD
Chamber of Commerce and Industry today kicked off its two day long MSME
Conclave themed on 'Aapki Kahani - Aapki Zubaani' at Hotel Hyatt, Chandigarh. In
her inaugural address, Chief Guest, Vini Mahajan, IAS, Additional Chief Secretary, Department of
Industries & Commerce, Government of Punjab emphasized that the
development of MSME sector will help in radication of unemployment, thus,
boosting the national economy. She apprised about various Punjab
Government schemes to promote the MSME sector in state. Rana
Ashutosh Kumar Singh, Chief General Manager, SBI, Chandigarh addressed the
audience about SBI’s role in growth of MSME Sector. SBI has developed
tailor-made products for every section of customers based on their needs. It
has developed a robust assessment system for MSMEs with paradigm shift from
balance sheet financing to real cash flow based financing. Total SME portfolio
of SBI as on 31.03.2018 was 13% of total advances. Also present during the
occasion, Rachna Dikshit, Regional Director, Reserve Bank of India informed the
participants about the special provisions meant for MSME Sector. Speaking on
the occasion, CM Krishna, Honorary
Advisor, PHD
Chamber, said the new 12 point policy for promotion of this sector can only
effective when beneficiary at the last end of micro set up is able to
make use of it. The Centre and State Governments have constituted more than 150
organizations to encourage this sector but most of them are yet to implement
their programs. Such platforms are not only useful for sharing the concerns of
entrepreneurs but also provide the solutions amidst Govt representatives. Pankaj Madan, Deputy Head- India and Head
Programs, Konrad-Adernauer-Stiftung (KAG) informed about his
globally present German Foundation which enters 30th year of
its partnership with PHD Chamber. He said India was one of the first Asian
countries to introduce country-related programs initiated by the KAS. In more
than 40 years of cooperation, a wide range of activities were undertaken at
different levels: poverty alleviation in rural areas, capacity building of
local government institutions, training for small and medium scale enterprises
in North and South India, programs for judicial reforms and seminars related to
the concept of rule of law. Earlier, welcoming the participants, Vikram Sahgal,
MD, Micron Instruments Pvt Ltd & Chairman, Chandigarh State Chapter, PHDCCI
said that MSMEs have been recognised worldwide as the driving force for
economic growth of a country. He apprised the participants about MSME web portal
launched by PHD Chamber that will function as a bridge between MSMEs, Government Institutions and
different service providers to facilitate their linkages.
He further informed that Chamber is developing a technology bank with information about technology
sourcing and new and innovative technologies for the MSME sector. Delivering the Vote of Thanks, R
S Sachdeva, MD, Hitech Group of Companies & Chairman, Punjab State Chapter,
PHDCCI
welcomed the recent move for
re-classifications of the criteria for MSME from investment in plant &
machinery to turnover is a major breakthrough in the manufacturing sector as
this would enable, companies to remain in their respective categories while
augmenting their scale of business by addition of plant and equipment.
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