Jaipur, (thestates.news) : Chief Minister Ashok Gehlot said that the stronger the MSME sector in the state, the faster the economic progress will be. Today, MSMEs contribute 30 per cent to the country’s GDP. There are more than 6 lakh MSME industries established in Rajasthan. There are more than 1.35 lakh exporters here. There are maximum employment opportunities in this sector. With this thinking in mind, the state government has taken several policy decisions to promote MSMEs. He said that the future of MSMEs in the state is safe and bright.
Ashok Gehlot was addressing the MSME Conclave and closing ceremony under Invest Rajasthan Summit-2022 held at JECC, Sitapura on Saturday. He said in the ‘Thinking Big, Thinking Smart’ session of the MSME Conclave that a new investment climate has been created in the state with the summit. In the summit, investors openly appreciating the policies of the state and calling it the ‘best destination’ for investment is a sign of success. He said that we are developing such an environment in the state so that industries can be established in every field and employment can increase. The state government stands with the investors at all times and under all circumstances.
The CM said that the State Government is committed to take every MoU and projects on the ground. He assured the investors that every officer-employee of the state government would be dedicated and ensure that the needs of the investors are met in a time bound manner. He said, at the same time, he will try our best to better market the products of the investors and establish international recognition.
Ashok Gehlot said that entrepreneurs invest only where there is a good environment. He said that we have strengthened the road network. Policy decisions for industrial development have created such an environment that investors will not face problems, he said, the increase in our rank and per capita income in the Happiness Index shows the happiness and prosperity of the state.
Gehlot said that understanding the importance of MSMEs in the state, their needs and their difficulties, the MSME Act was brought in 2019, it proved to be a boon. In the budget of the year 2022-23, the exemption given to MSMEs under this act from the approval, permission, inspection of the government for 3 years has been increased to 5 years. He said that important decisions were taken to provide relief from the economic loss caused to MSMEs during Covid-19. Many types of exemptions were provided by introducing the Amnesty scheme. Gehlot said that the objective of the new MSME policy is to increase the contribution of MSMEs in the state GDP and exports. Financial and technical assistance is being provided to MSME industries, which will increase production and we will move further in the direction of exports, he said. Provision has also been made in the MSME policy for assistance in research and development, facility of e-market, cluster development, protection scheme and risk coverage, he added.
The Chief Minister said that Rajasthan produces 20 per cent of the country’s oil. There is also the possibility of gas here. A petrochemical complex is being developed over an area of 383 kms at Pachpadra near the refinery. He said, we have also sent a proposal to the central government. More than 150 MSMEs and other industries will be established here and youth will get employment, he added, Pachpadra is becoming a major center of investment.
Industries and Commerce Minister Shakuntala Rawat said that the MSME sector is an integral part of the state’s economy. It also plays an important role in social development. The state’s positive MSME policy is encouraging enterprise in all sectors. The foundation for all-round development of the state has been laid in this summit.
Chief Secretary Usha Sharma said that MMME is the backbone of industrial development. It is playing an important role in the development. There are 6 lakh MSME units in the state, from which more than 37 lakh people are getting employment. ₹72,000 crore rupees have been exported by MSME units in the last financial year. Recently MSME Policy-2022 was issued to promote micro, small and medium industries. Facilitation counters have also been opened for MSME industries, he added.
Entrepreneurs gave their views on the topic ‘Thinking Big Thinking Smart’. He appreciated the efforts of the State Government for the development of MSMEs in the State and spoke about its success. The session was moderated by Kunal Sood, National Sector Leader, Grant Thornton Bharat LLP. He discussed the future prospects in this sector with the incorporation of technology in the growth of MSMEs. He said that due to our diverse domestic market, we remained largely unaffected by the economic slowdown of the world.
Abhinav Banthia, Managing Director, Manu Yantralay said that due to the positive environment for investment in Rajasthan, companies from the country and abroad are also attracted to start their business here. Rohit Sabu, Chairman and CEO, National Engineering Industries Limited, said that for the success of any enterprise, new technology has to be friends. He said that long term planning, digital marketing and global thinking is the key to the development of MSMEs.(H.S)