The contribution of Small and Medium Enterprises (SMEs) in the country's industrial production has increased up to 45% and SMEs have a tremendous scope in Nashik, according to the director of the MSME Development Institute, Mumbai, G M Ambhore, reports Times of India.
"Today, there are a total of 2.61 crore SMEs in the country, providing employment to 5.95 crore people. These SMEs are contributing 45% of the total industrial production in India," Ambhore said.
Addressing SMEs from the Nashik region during a Business-to-business (B2B) conference on Tuesday in Nashik, Ambhore briefed the participants about the various schemes introduced by the ministry of micro, small and medium enterprises (MSME) and the importance of the vendor development programme.
"The MSME development institute (MSME-DI) is continuously taking initiatives for the growth of the SME sector and has introduced several schemes for the purpose. The MSME ministry has just introduced a new scheme, the national manufacturing competitiveness programme, and the government contributes 75% of the project cost under this scheme. The scheme includes 10 components, including intellectual property rights (IPR), bar codes, quality management systems, design clinics, incubators and product certificates," he said.
P Krishna Mohan, senior branch manager, national small industries corporation (NSIC), Nashik, informed the participants at the meet about NSIC schemes. The vendor development programme was jointly organized by MSME-DI, Mumbai, NSIC, Nashik, and the Nashik Engineering Cluster ( NEC) at the NEC's auditorium in the Ambad industrial estate.
"The B2B was organized as part of our initiative to provide business opportunities to SMEs in the region through public sector undertakings and large industries. Around 70 SMEs across Nashik region participated as sellers. The large industries that participated as buyers in B2B included Western Railways, Indian Oil Corporation Ltd (IOCL), Rishabh Instruments, Mumbai Port Trust, Bosch Ltd and ABB Ltd. Officials from large industries told the participants about their requirements," Mohan said.