State Editions

Govt nod to compulsory procurement from MSMEs

| | Ranchi | in Ranchi

The Industry Department has expressed willingness to purchase at least 20 per cent products manufactured by micro, small and medium enterprises (MSMEs) in the State. This inclination towards the sector has been shown as per the policy already in place.

Industry Director K Ravi Kumar while opening an exhibition organised for the industry by the MSME-Development Institute, Ranchi,  Ministry of MSME, nevertheless, explained that the entrepreneurs also needed to adapt to such policy changes.

“Challenge before the MSME sector is to grab the opportunity and adopt the new policy changes taking place at the Government level. Government’s ‘Make in Jharkhand’ call is mainly to address this sector and full support from our side would be there as per the procurement policy in place,” said the official in his address on Wednesday.

He also stressed over the importance of the sector in employment generation. “The Government has gone on announcing in the Budget that 50,000 jobs would be crated in the State. The target is possible only into MSMEs. At the same time, we also know that the sector needs Government’s support,” added K Ravi Kumar.

The two-day exhibition would showcase sellers and buyers connected with small and medium industry produces at one place.

As many as 60 different units of MSMEs have setup their stalls along with the involvement coming from some big names like SE Railways, ONGC, Mecon, CCL, CMPDI, SIDBI, Canara Bank, HUDCO, GAIL, UCIL, PCRA and HEC.

Arvind Kumar, DGM of ONGC at Bokaro, pointed out that the natural gas major has started drillings for coal-bed methane in the State. “We have gone to a very advanced stage in terms of CBM and expected to start supplying the gas to our consumers from April 1 this year. The gas is cheaper than any other source of energy barring coal,” he said.

NMDC’s KS Rao said his visit here is to locate handful of SC and ST entrepreneurs. “Besides, 20 per cent compulsory procurements have to be done from MSME, there is also provision to buy at least four per cent necessarily from SC and ST producers. I hope we would be able to find so of those here,” he said.

Representatives from TICCI (Tribal Indian Chamber Of Commerce & Industry) were also present on the occasion along with CMD of CMPDI Shekhar Sharan, Director of the MSME Development Institute RK Kapoor and JSIA president YK Ojha. Noted entrepreneur Roshan Lal Sharma was also felicitated on the occasion.





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