CRE­AT­ING FAVOURABLE SIT­U­A­TIONS

Assocham Bulletin - - INDUSTRY -

Pro­vid­ing sup­port for growth and de­vel­op­ment of the Mi­cro, Small and Medium En­ter­prises (MSMEs) can help in pre­vent­ing high-pro­file scams com­mit­ted by a hand­ful of big in­dus­tri­al­ists, Union Min­is­ter of State in Prime Min­is­ter's Of­fice (PMO), Dr. Ji­ten­dra Singh said at the AS­SOCHAM event held in Jammu.

"One of the big­gest buf­fers to pre­vent such high-pro­file scams hap­pen­ing from time-to-time is to pro­mote MSMEs," said Dr. Singh while in­au­gu­rat­ing the AS­SOCHAM con­fer­ence on MSME sec­tor in an ap­par­ent ref­er­ence to colos­sal bank­ing scan­dal in­volv­ing fraud worth Rs 11000 crore com­mit­ted by ab­scond­ing bil­lion­aire jew­eller Ni­rav Modi.

The Union Min­is­ter also en­cour­aged the in­dus­try for not seek­ing

sub­si­dies. "Peo­ple should forego sub­sidy for those who ac­tu­ally sup­port the MSMEs, if that hap­pens then we will not wit­ness such scams be­ing com­mit­ted by SOO-odd­big busi­ness­men," added Dr. Singh.

Terming the present sce­nario as 'fa­vor­able' for both Jammu and Kash­mir and north-east­ern states of In­dia, he said that the in­cum­bent govern­ment at the Cen­tre has the re­quired will power which was lack­ing dur­ing the pre­vi­ous regimes.

"We need to cre­ate fa­vor­able sit­u­a­tions at the state level to at­tract in­vestors to come and set up their busi­nesses through in­cen­tives rather than dis-in­cen­tivise them," said Dr. Singh while ad­dress­ing a SME Sam­me­lan or­ga­nized by AS­SOCHAM.

"It will not only spur growth and de­vel­op­ment of the in­dus­trial sec­tor in the state but will also en­cour­age the youth to be­come en­trepreneurs," he added.

Prais­ing the ef­forts of the youth of the val­ley, the Union Min­is­ter said, "To­day the youth ofJammu and Kash­mir has gone ahead of their coun­ter­parts in many of the states across In­dia as they are be­com­ing top­pers in top-notch ed­u­ca­tion institutes of . the coun­try like the IITs."

He how­ever lamented that there are cer­tain el­e­ments who do not want to see things nor­mal­iz­ing in the mil­i­tan­cy­hit state. "It is only a hand­ful of peo­ple who as part of their petty pol­i­tics try to cre­ate an en­vi­ron­ment of chaos. We will make sure they would not suc­ceed as the com­mon cit­i­zen of Sri­na­gar wants to be a part of the growth process led by Prime Min­is­ter Naren­dra Modi." He as­serted that mil­i­tants were on back-foot as they were be­ing given a be­fit­ting re­ply by the se­cu­rity forces.

Ear­lier, in his ad­dress at the AS­SOC HAM con­fer­ence, In­dus­tries and Com­merce Min­is­ter, J&K govern­ment, Mr. Chan­der Prakash Ganga urged the Cen­tre to treat Jammu and Kash­mir at par with north­east­ern states and ex­tend ben­e­fits and ex­emp­tions on the sim­i­lar lines.

"Dr. Ji­ten­dra Singh be­ing son of the soil has been very sup­port­ive to J&K, we would urge him on be­half of the state to in­form the Prime Min­is­ter that in­dus­try ex­o­dus in the state can only be stopped if we are given a com­plete pack­age on the lines of north-east," said Mr. Ganga.

Amid oth­ers who ad­dressed the AS­SOCHAM con­fer­ence in­cluded Mr. D. S. Rawat, Sec­re­tary Gen­eral, AS­SOCHAM, Mr. M. P. Raiker, Chair­man, AS­SOCHAM Na­tional Coun­cil for De­vel­op­ment of MSMEs, Mr. Rakesh Gupta, Pres­i­dent, Jammu Cham­ber of Com­merce and In­dus­try, Mr. Amit Ray, Ex­ec­u­tive Direc­tor, Uflex Ltd., and Mr. Anil Kishora, Chief Gen­eral Man­ager, SBI.

Dr. Ji­ten­dra Singh, Union Min­is­ter of State in Prime Min­is­ter's Of­fice (PMO) re­leas­ing the Sum­mit Back­ground Pa­per at the AS­SOCHAM MSME Con­fer­ence held in Jammu. Also seen (L-R)Mr. D. S. Rawat, Sec­re­tary Gen­eral, AS­SOCHAM, Mr. Amit Ray, Ex­ec­u­tive Direc­tor, Uflex Ltd., Mr. M. P Raiker, Chair­man, AS­SOCHAM Na­tional Coun­cil for De­vel­op­ment of MSMEs, Mr. Rakesh Gupta, Pres­i­dent, Jammu Cham­ber of Com­merce and In­dus­try and Mr. Anil Kishora, Chief Gen­eral Man­ager, SBI.

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