Focus on promotion of MSMEs

| | Chandigarh
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Focus on promotion of MSMEs

Wednesday, 20 November 2019 | PNS | Chandigarh

The upcoming Progressive Punjab Investors’ Summit-2019 at ISB Mohali on December 5 and 6 would focus on promotion of Micro, Small and Medium Enterprises (MSMEs) in line with its theme ‘building partnership for inclusive growth-MSMEs in the Global Value Chain’.

Punjab Government is already taking a slew of path breaking initiatives with an aim to give thrust for exponential growth of MSMEs across the state and this mega event would prove to be a milestone in achieving the desired goals, said the state Additional Chief Secretary Investment Promotion, Vini Mahajan.

To further boost MSMEs in the State, the Punjab Government has already launched the Punjab State MSME Awards which will be given to Punjab–based MSMEs operating in agro and food processing, automobiles and auto parts, textiles, engineering, pharmaceuticals, IT and electronics, sports, hand tools and leather industry.

Mahajan said that as many as 18 awards would be distributed in the nine categories with Rs 1 lakh each cash prize besides an appreciation certificate during Investors Summit on December 5 and 6.

Two awards will be given in each of the nine sectors one in micro or small enterprises and another in medium enterprises, she said adding that this move would surely galvanize the state's endeavour to inculcate the spirit of entrepreneurship amongst the young technocrats.

Reiterating that the State Government is fostering the spirit of entrepreneurship in the state by providing a launch pad in the form of infrastructure and supportive reforms to help the MSMEs and startups, Mahajan said that the Summit would highlight that Punjab houses robust MSMEs units in innumerous sectors, which could be vendors or partners of the international clients looking for ancillary units to support their global value chains.

Mahajan envisioned that this Summit would act as a catalyst to attract huge investments in the state, which is evident from the fact that the stage is already set with the investments worth over Rs 50,000 crore firmed up during last two and half years.

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