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Rajasthan to unveil new MSME policy to encourage small businesses and startups

Union MSME Minister Kalraj Mishra will preside at the conclave on medium and small enterprises at Resurgent Rajasthan Summit in Jaipur on November 19-20 and unveil the state’s policy framework for the sector.

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The Minister for Micro, Medium and Small Enterprises will address the session title “MSME: Growth Engine of Make in India – opportunities and Challenges on the second day of the conference”, according to an official release in Jaipur. Mishra will also launch Rajasthan’s new MSME Policy-2015 on November 20.

Policy has been made with the intent to encourage and boost setting up of MSMEs in the state by creating conducive atmosphere for them to attain global competence. The measures include strengthening of the state MSME facilitation Council, development of MSME clusters and support for startup business.

Chief Minister Vasundhara Raje will address on the conclave and invite industry participants to explore the potential of MSMEs in Rajasthan. At present more than 90 per cent of industries in Rajasthan fall within the MSME category, and employ approximately 18.7 lakh people.

The key note address for the conclave will be delivered by Union MSME Secretary Anup K Pujari. The MSME sector in Rajasthan has grown steadily and now is the largest employer after agriculture. Having recognized the potential of this sector, the State government intends to harness its full potential by making it one of the core sectors that needs investment.

As per the 4th All India Census of the Micro, Small and Medium Enterprises, total number of Enterprises of the MSME sector is 361.76 lakhs and contributes to nearly 40% of the exports, and nearly 8 per cent of the GDP. For this reason, the MSME sector is also a focus area under the Prime Minister s Make in India campaign to promote domestic manufacturing.

Gajendera Singh Khimsar, Rajasthan Minister of Industries who address the MSME conclave, said: “Rajasthan is blessed with abundant physical resources, agricultural surplus and entrepreneurial skilled labour.

“These provide ample opportunities of manufacturing, value-addition and processing activities in the small scale sector, which has been the strength of the State.” Some of the main sectors of the MSMEs in the Rajasthan are Gems & Jewellery, Textiles & Garments, Handicrafts, Automobiles, and Carpets, Minerals and various stone industries and agriculture.

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