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Jaipur. The MSME policy implemented in Rajasthan in 2022 aims to facilitate the establishment of 20,000 new MSME units with a collective investment of Rs 10,000 crore and generate employment opportunities for about 1 lakh persons. Along with this, Rajasthan Investment Promotion Scheme 2022 provides various types of incentives like asset creation, interest subsidy and capital subsidy, which work to promote the development of MSMEs in the state. Additionally, the scheme includes several exemptions such as stamp duty, electricity duty and mandi tax. As a result of these proactive policies and incentives, the MSME sector in Rajasthan has experienced a remarkable momentum in growth and development. This was stated by Sudhir Kumar Sharma, Managing Director, Rajasthan State Industrial Development & Investment Corporation Limited (RICO), at the 6th Rajasthan MSME Summit organized by FICCI Rajasthan State Council in Jaipur today on the occasion of International MSME Day. The summit was organized on the theme ‘Unlocking the Growth Potential for MSMEs in Rajasthan’.
Highlighting the initiatives of the government, the MD said that 67 new industrial areas have been developed in the last 5 years with an annual investment of Rs 500 crore. New industrial areas are also being developed. An MSME co-working space, plug and play center as well as a fintech park are also coming up.
Sanjay Singhal, President, Udaipur Chamber of Commerce & Industry and Chairman, Secure Meters Limited, shared his/her insights on the growth of Micro and Small Industries. he/she said that exposure and mentorship along with ‘generation change’ are the two major hurdles in the growth of entrepreneurs. There is a need to remove ‘mental roadblocks’ from the minds of entrepreneurs. he/she said that there is a need to reduce the ‘compliance burden’ along with promoting the existing enterprises and infrastructure.
Jyoti Prakash Gadia, Managing Director, Resurgent India Limited gave a detailed presentation on Enabling Transformation from Micro and Small Enterprises to Medium and Large Enterprises. he/she said that Rajasthan ranks third in terms of micro enterprises registration, but it keeps slipping in rank when it comes to small and medium enterprises. he/she said that an immediate and significant boost to improve access to credit and funding sources is necessary to ensure increased investment in fixed capital for MSMEs in Rajasthan to move up the value chain.
Chairman, FICCI Rajasthan Sub-Committee on MSME and President, The Employers Association of Rajasthan, NK Jain said that there are many areas which have potential for growth and can be harnessed. These include agro food processing and packaging, solar panels and equipment, EV car and two-wheeler manufacturing, lithium ion batteries, IT and robotics, hospitality sector, etc. he/she also suggested the need for skill enhancement for MSMEs in terms of technology and MSME credit cards.
Earlier in his/her welcome address, Randhir Vikram Singh, Chairman, FICCI Rajasthan State Council and CMD, Mandawa Hotels, said that the summit aims to promote Micro, Small and Medium Enterprises (MSME) by promoting knowledge sharing, collaboration and networking among industry stakeholders. ) to unlock its growth potential.
A knowledge paper prepared by Resurgent India Limited was also released. This was followed by two panel discussions one on ‘Future Ready MSME’ and the other on ‘Reimagining Role of Regional Associations for MSME Growth Story’. A session on Business Opportunities for MSMEs was also organized.
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