Kailash Vijayvergiya inaugurates ASSOCHAM 8th SMEs Sammelan on 5June

Shri Kailash Vijayvergia, Hon'ble Minister for Commerce and Industries, Government of Madhya Pradesh will be the Chief Guest for the Sammelan. Senior Government Officials , Industries delegates and bankers will also attend the event.

Mr. D.S. Rawat, Secretary General, ASSOCHAM, said, "The prime objective of the 8th SMEs Sammelan is to promote the MSMEs in the State and to discuss the financial issues related to funding on the commencement of new business or at the time of business expansion. The focus would also be to discuss the current scenario of MSMEs, their concerns and possible solutions in the State of Madhya Pradesh. Moreover, Government's initiatives to promote MSMEs in the State will be on priority in discussion agenda."

The Indian MSME sector is unparalleled in terms of geographical spread, size, range, inclusivity and innovation. Over the years, many developing countries around the world have benchmarked the Indian MSME sector as the principal model for their own small sector development initiatives. But it is also an acknowledged fact that Micro, small and medium enterprises (MSME) lack an incentive to grow. Too many of them do not grow because of the fear of losing the benefits associated with staying small or medium. Hence, there are proposal like benefits or preferences enjoyed by them will stay with them for upto three years after they grow out of the category in which they obtained the benefit, will provide a boost to their growth ambitions, at the same time providing them the security of availing the benefits of remaining small.

These are few of the basic issues to be discussed in the "8th SMEs Sammelan - Enhancing Capacity for Sustainable Growth".