Session on ‘Rajasthan: A Land of Opportunities for MSMEs and Industry’ organized by CII Rajasthan

Posted On Thu, February 27, 2020, 3:18 PM

Jaipur: Confederation of Indian Industry (CII) Rajasthan today conducted a session on Rajasthan: A Land of Opportunities for MSMEs and Industry in a city hotel. The session focused on discussion on policy announcements made by Government of Rajasthan to attract investments and to facilitate Ease of Doing Business in the State along with availability of land and various schemes of Government of India and Government of Rajasthan for benefit of MSMEs so as to create holistic approach for Building Future Ready MSME’s. Hon’ble Governor, Shri Kalraj Mishra was Chief Guest and Dr B D Kalla, Minister Hon’ble Minister for Energy & PHED, Government of Rajasthan was the special guest of the session.

Addressing the august gathering during his session on Rajasthan: A Land of Opportunities for MSMEs and Industry, Shri Kalraj Mishra, Hon’ble Governor, Government of Rajasthan said, “I am pleased to know that the governments have become pro-active to support MSME sector. However, small industrialists are still facing some practical challenges related to finance, marketing and export, Collaterals, etc. Therefore along with promotional schemes, government needs to address such challenges as well. “Hon’ble Governor also said that MSME sector is doing wonders for Indian Economy and Indian MSMEs are covering all the sectors starting from defense, aviation to the smallest sectors. He urged the industrialists’ to have confidence in their abilities as they can’t progress solely on the basis of government’s schemes. They should take benefits of the various government schemes but in the end self belief and innovation will lead to have continuous success.  

Addressing the house, Special Guest of the session, Dr. B D Kalla, Hon’ble Minister for Energy & PHED, Government of Rajasthan said, “Government of Rajasthan aims to provide all sort of support and help to the industries. The current government in order to promote MSMEs have vanished the License System and eventually ended Inspector Raj. This MSME Act enables  not to seek any license requirement for initial 3 years of operation. He also mentioned about how government is focused on to get more and more industrial support for the development of the state.

During his address, Dr. Kalla said that the economy of the developed nations is based on the contribution of their industries while in India, 70% of our economy is still dependent on agriculture. Giving example of “Comparative Cost Theory”, he asked industries to concentrate more on ‘More production in lesser cost’. He also urged industries to focus more on ‘Export Oriented Industries’ along with ‘Import Substitution Industries’.

Dr. Subodh Agarwal, Addl. Chief Secretary, Industries, Government of Rajasthan in his address said that the state government in last one year has taken revolutionary steps for the industrial development and that the state government through its various policies has proved their dedication for the growth and development of industries in the state.

Sharing information about the implementation of MSME Act, he said that before the implementation of the act, 17 departments had to provide 101 different types of licenses to the industries whereas now these industries do not require any such license to operate and they can directly start their business by registering themselves at the portal.

Mr. Agarwal has also affirmed that the government trusts industrialists therefore it has worked to remove redtapsim so that industrialists can concentrate to make their establishments’ successful. During his address, he also briefed on various government initiatives including Rajasthan Export Promotion Council, Industrial Policy, One Stop Shop, Mukhyamantri Laghu Udhyog Protsahan Yojana and others.

Mr. Ashutosh A T Pednekar, Managing Director, RIICO Ltd., Government of Rajasthan in his address elaborated about various initiatives taken by RIICO, considering RIICO looks after industrial development of state in terms of land development. He said, “MSME sector is extremely important for any country and its economy. In India, 29% of GDP, 40% of Manufacturing and 40% of Exports are generated by MSME sector. In addition to this, it provides 11.10 Crore employment in the country and 27% direct employment in Rajasthan.” He also mentioned that in Rajasthan, ‘Thrust Incentives’ efforts are made to promote this sector however, we can find there is peculiarity as most of the development is concentrated in NCR region and divisional head quarter. Considering this aspect, RIICO is working for good spread of industrialization throughout of the state of Rajasthan. Mr. Pednekar also elaborated various RIICO initiatives.

Mr. Nitin Gupta, Director & Head, CII Rajasthan State Council appreciated the achievements of government for the new version of Single Window where officials of 14 Government departments will sit at BIP (Bureau of Investment Promotion) to provide all approvals to investors at one place.

This press release is posted under categories Business

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