MSMEs are the best vehicle for inclusive growth: Governor

Bhubaneswar: The Micro, Small and Medium Enterprises (MSMEs) play a major role in broad basing the industrial growth and augmenting employment opportunities, revenue exports and economic growth, said Odisha Governor SC Jamir.

Addressing the concluding session of the weeklong Odisha MSME Trade Fair 2016 here on Thursday, he said to ensure competitiveness of the MSMEs, it is essential that the availability of infrastructure, technology and skilled manpower are in tune with the global trends.

“Emphasis should be made on promoting the MSME products online. Odisha is endowed with vast agro, forest, mineral and other natural resources which can be effectively utilized for value addition and ultimately benefitting the State through economic growth and employment generation”, Jamir said.

The Governor also stressed that 20 or 25% of the total procurement of any government department or PSU is to be procured from MSMEs.

“MSMEs are the best vehicle for inclusive growth to create local demand and consumption,” he pointed out.

The event was also graced by Industries minister Devi Prasad Mishra who suggested increased focus on setting up of small industries to create employment opportunities. He laid emphasis on linkage conversion amongst the MSMEs and mother companies.

MSME minister Jogendra Behera spoke about about the benefit of trade fair and how it has been instrumental in attracting new investors and youth entrepreneurs.

MSME principal secretary, Gagan Kumar Dhal, stressed the need for establishment of more agro based industries with more focus on food processing units with value added products.

Director EPM, BK Das, gave the vote of thanks.

Around 3.5 lakh people visited the weeklong trade fair which witnessed a direct business of around Rs 6 crore for the MSME exhibitors while simultaneously generating over business enquiries worth of over Rs 70 crore.