Friday, March 31

West Bengal government to evacuate non-starters from industrial parks

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The West Bengal government is working out a strategy to evacuate those who were allotted plots at industrial parks but have not started operations, the state MSME Director Vijay Bharti said here today. “Some such cases are as old as 15 years. The state government is set to show such companies the door,” he said speaking at the MSME FinFest 2018.

Bharti said that the state government was counting on MSMEs to become the driver of a “spectacular growth” of the state and a steady and sustainable source of jobs for thousands of young men and women.

The programme was organised organized by the CII as part of an exercise to create a comprehensive platform for stakeholders to ensure easy and hassle-free capital for MSMEs in the state.

Bharti said that focussing on the betterment of MSMEs the state government is trying to provide them with innovations in strategy, help from the private sector and facilitation by the industry associations and chambers.

It would also host a two-day mega MSME Conclave here on August 20 to promote the MSMEs in the state to the next level of growth and excellence and help them get finance, technologies and wider markets.

The Conclave would focus on lean manufacturing, rural entrepreneurship, SME listing (Initial Public Offering), export orientation for MSMEs, industrial infrastructure and institutional strengthening, he added.

Tojo Banerjee, NSE vice-president, said the stock exchange has created a platform ‘Emerge’ for small and medium enterprise listing and IPO.

The platform was started in 2012 and till now more than 160 companies, including six from West Bengal, have raised capital on the it, he added.

Siva Kumaravel, General Manager, Syndicate Bank, stressed the need for an open and fair relationship between banks and businesses, while Pankaj Bajaj, CII Eastern Region MSME Subcommittee cp-chairman called for robust support structure relating to mentoring, financing, quality standards, marketing inputs and technology acquisition for MSMEs.

Source: Devdiscourse

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