Kolkata, 4 May,2023: Indian Chamber of Commerce in collaboration with West Bengal SmallIndustries Development Corporation Ltd (WBSIDCL) hosted an event titled"Empowering MSME's of West Bengal" on May 3, 2023, at Biswa BanglaMilan Mela Prangan, Kolkata. The event aimed to empower MSME's in West Bengaland highlight their economic contributions. The event witnessed the unveilingof WBSIDCL booklet along with the signing of the WBSIDCL MOU with the StateBank of India, followed by distribution of ZED Bronze certificates to MSMEunits and a session on access to credit by SBI, MSME Sustainable ZEDcertification scheme & Procedure of ZED Registration and Product QualityControl. Eminent dignitaries like Nikhil Nirmal IAS, MD, WBSIDCL; Dr Rajeev Singh Director General, Indian Chamber of Commerce; Musaraf Hussen Vice Chairman WBSIDCL; JayPrakash Mazumdar, Director, WBSIDCL; Meghnath De, Special Secretary, MSME&T; and V Teja Deepak IAS Executive Director & OSD, WBSIDCL.
According to Nikhil Nirmal , "The MSME sector is an important pillar of the Indian economy,contributing significantly to job creations and economic growth. It is crucialto empower MSME's and provide them with the assistance and resources theyrequire to develop and prosper. The initiative is a step towards achieving thegoal. It aims to strengthen the state's micro, small, and medium enterprises(MSMEs). Since its inception under the MSME&T department, the agency hascreated 51 industrial parks and commercial estates across the state, offeringinfrastructural and marketing support to MSMEs. The estates offer land andsheds at reduced prices for the establishment of companies with modernfacilities, resulting in a large number of employment opportunities in thestate. The business also assists roughly 200 MSME suppliers with marketing andsupplies operating items to government buildings. During the pandemic, WBSIDCLtook steps to vaccinate the workforce, meet urgent supply needs in governmenthospitals, and provide economic relief to MSMEs. We leverage cutting-edgedigital technology to revive MSME involvement and increase transparency intheir operations. We have implemented land allocation software to makeconducting business easier. All of the corporation's activities have beenrecognised at the state and national levels, for which we have been nominatedfor and received various awards. The organisation has won three honours at the9th edition of the Governance Now PSU honours. We have worked with SBI toassist MSMEs in obtaining loans for investment.”
Dr Rajeev Singh, delivered the Theme Address at the inaugural session and stated," The MSME sector plays an important role in the Indian economy's growth,and it is important to promote and empower MSMEs in order to drive growth inthe economy and generate opportunities. This initiative is a commendable effort.The MSME department and WBSIDCL have done this programme to help MSMEs in thestate. West Bengal's ecosystem has aided MSMEs in growing and expanding beyondthe state's borders. The theme is empowering MSMEs and honouring theiraccomplishments by honouring those who perform outstanding job. I recogniseMSMEs' limitations, such as limited resources and regulatory issues, but alsotheir contributions to wealth creation and employment. There is an immense needto prepare for future difficulties such as emerging technologies and changingmarkets, as well as to focus on competitiveness via quality, technologyadoption, market links, and branding. I propose expanding access to commonresources such as testing and R&D laboratories, and I believe thegovernment can help by providing land and subsidising equipment.”
Meghnath De stated, " We are committed to providing the essentialsupport to enable the development of the MSME sector, which is essential forthe growth of the Indian economy. We are glad to collaborate with WBSIDCL toassist MSMEs in West Bengal in reaching their full potential. It is necessaryto report progress and gather comments on the department's cluster ofinitiatives for inclusive and sustainable growth. The department executesprogrammes and initiatives through several MSME agencies, including WBSIDCL,SME and Textile directorates, Vishwa Bangla Marketing Corporation, and others. MSMEsare receiving considerable support, including hand-holding, financial clinics,and connection with bankers in order to produce bank loans. Three MSMEfacilitation councils are established to resolve late payments and skilldevelopment activities. Without going into further depth about the otherprogrammes, I'd want to concentrate on the infrastructure development projectsand schemes pertinent to WBSIDCL and the seminar's setting. In recent years,the department has been successful in producing over Rs. 100,000 crore in bankloans for MSMEs in West Bengal.”
Jay Prakash Mazumdar addressed the audience and emphasized the government'sefforts to support the MSME sector in West Bengal. He stated, " The MSMEsector is the backbone of our economy, and the government is dedicated toproviding all necessary assistance and resources to assist them in growing andprospering. I am happy to encourage MSMEs and recognise their uniquegeographical location, which has historically attracted enterprises andindustries. However, due to a hostile political environment and the departureof large industries, small and medium-sized businesses have struggled. A newadministration was elected in 2011 with the goal of advancing the interests ofsmall, medium, and micro-industries, and they created the land bank theory andsystem to address the land problem. The MOU and tie-up with SBI will furtherpromote the growth of small and medium-sized businesses in the state, which wehope will help them regain their position as a major industrial hub.”
According to V Teja Deepak , "The event provided a platformfor MSME's to network, share their experiences, and learn about new advancementsand prospects in their sector. We are dedicated to aiding the expansion ofMSMEs in West Bengal, and this event was a significant step in that direction. WBSIDCL created this event, the first of its sort in 70 years, with the most MSMEs in West Bengal. The state's imaginative policies create jobs and provide a favourable business climate. Various associations and directors collaborated, and representatives from the Joint Director MSME DFO and SBI supported the event. The Vice Chairman is deeply committed to the growth of MSMEs and WBSIDCL.”
According to Musaraf Hussen "This event was a great opportunity for MSME's tocome together, network and share their experiences. These enterprises are oftenlower in size and revenue than huge corporations, yet they are sometimesregarded as the economic backbone due to their considerable contribution toemployment and innovation. We hope that by bringing MSMEs together, we willprovide them with a great chance to network and cooperate, exchanginginformation and experiences that may help them overcome problems and buildtheir businesses. Networking is a critical component of any entrepreneur'ssuccess, and events like these may be extremely valuable to anyone wishing togrow their professional network. We are devoted as an association to assistingthe growth of MSMEs in West Bengal. It's essential to provide the necessaryresources and support for these businesses to thrive. This could includefinancial assistance, access to training and education, marketing andpromotional assistance, and other services that can assist MSMEs in overcomingcommon growth and success barriers. Overall, events like these are essentialfor the MSME community because they show a dedication to the development andgrowth of these vital enterprises. We can help establish a more strong andsustainable economy in West Bengal and beyond by providing the assistance andresources needed for MSMEs to succeed.”
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