December 15, 2017 08:35 PM

Chandigarh (Face2News) 

Confederation of Indian Industry (CII) organised the 5th Regional MSME Conclave on the theme of ‘Energising MSMEs by Facilitating Finance & Enhancing Competitiveness’ at CII Headquarters today. Issues faced by the large MSME sector were deliberated upon threadbare at the conclave addressed by senior bureaucrats of Punjab and Haryana as well as officials of the reserve Bank of India (RBI) and National Bank for Agriculture & Rural Development (NABARD) besides industry captains from various sectors addressed the one-day conclave. PSUs like HPCL, BPCL, Indian Air Force and major corporate houses took part. 

Mr DPS Kharbanda, Director – Industries and Commerce, Government of Punjab, said, “Industry will soon get power supply at Rs 5 per unit and a notification in this regard is only a few days away.”

“The Government of Punjab has just rolled out the new Industrial Policy at CII’s Invest North conclave last month and is open to any suggestions to improve upon its efforts towards making a more conducive environment for the industry to flourish in the state. Punjab has introduced a tax holiday for both the existing and new industry to benefit from exemptions and huge fiscal incentives on GST, CLU, stamp duty, etc. Punjab government has also adopted a cluster-based approach to boost industry in the state. The state government also signed Rs 2,000-crore worth MoUs at the recent World Food India (WFI) which shows enthusiasm of the industry and is likely to convert into serious investment projects soon as well.” 

Mr Ashok Sangwan, Director – Industries and Commerce, Government of Haryana, said, “As part of the industrial policy framework, the Government of Haryana is working on sector-specific policies to boost sectors of IT, ESDM, Food Processing, retail, defence & aerospace and textiles. While policies on Textiles and Food Processing will be out in a fortnight, the policies for IT and ESDM are out and have already been put up for stakeholder consultation.”

“Haryana is also working towards getting the industry to register under Udyog Adhaar Memorandum as well as reorient District Industries Centres (DICs) as facilitation centres to the existing as well as new industrial projects,” he said. 

Mr Nirmal Chand, Regional Director, Reserve Bank of India, said, “Doubling income in the rural sector is the biggest challenge that the Centre government has set to achieve. With 45 per cent of the MSME sector based in the rural areas, it offers great potential towards rural development. RBI is consciously working towards generating solutions for the needs of the MSME sector. For this a series of programmes are being conducted to sensitise the sector about the various schemes being offered by the RBI to boost industry. MSME units need to be more transparent in dealing with banks to gain their trust for finance needs.” 

Mr Deepak Kumar, Chief General Manager, Punjab, NABARD, highlighted schemes of NABARD in facilitating flow of institutional credit to the MSME sector. 

Mr Babu Khan, Regional Director, CII Northern Region, said, “CII has been playing a crucial role in the promotion of SME sector since its inception. Policy-based recommendations are being submitted to the departments concerned at regular intervals. We have submitted our recommendations for MSME policies to many states like Uttarakhand, Haryana, Himachal Pradesh, etc. and I am happy to share that most of our recommendations have been acknowledged and accepted.”

 Mr Neeraj Munjal, Co-Chairman, Regional Committee on SMEs, CII Northern Region, said, “To address the issue of ‘Access to Credit’ we have created a consortium 12 of leading banks and NBFCs to help and facilitate credit to the SMEs. This is an online Finance Facilitation Centre which in a short span of time has received loan applications from industry to the tune of Rs 826 crore and the same have been forwarded to the consortium partners for action.” 

“CII through its Centres of Excellence has been propagating cluster approach to enhance the competitiveness and linkages with the large industry for the MSMEs. At any given time we are running 15 clusters wherein customized services are being offered to the members enabling them to become sustainable and globally competitive,” he said. 

A special session on vendor development programme in which major PSUs took part and a display of products by various companies were the highlights of the conclave. 

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