Key Highlights

Union Ministerof Development of North East Region, Tourism and Culture Shri G. Kishan Reddy said that the central government has remained committed towards empowering the MSMEs and the recent budget has given a further push to make them more competitive.

• The Union minister said that MSMEs will play a critical role for the nation’s economic growth over the next 25 years of ‘AmritKaal’.

• Shri Reddy highlighted that the North East Region has huge untapped potential when it comes to the MSME sector and opportunities in agriculture, food processing, tourism, mineral based industries, IT, infrastructure etc. need to be explored

• He also called upon all stakeholders to work together in coordination to make the most of the changing paradigm of development in the North East and promote the MSME sector.

Union Minister of Development of North East Region, Tourism and Culture Sri G. Kishan Reddy addressed the ‘North East MSME Conclave: Building Competitiveness for Leveraging Opportunities’, organized by the Confederation of Indian Industries (CII).

The Union Minister hailed the MSME sector as the backbone of the economy and emphasised that on the journey towards Atmanirbhar Bharat, MSME’s must take the lead.

He further emphasised the fact that the MSMEs will play a critical role for the nation’s economic growth over the next 25 years of ‘AmritKaal’.

He added that there is immense potential for the MSMEs in Northeast – be it agriculture, food processing, tourism, mineral based industries, IT, infrastructure. He said that this huge potential needs to be tapped for bringing about inclusive development in the region.

The Union Minister also emphasised on the fact that the central government has remained committed towards development of the North East Region and several measures have been taken in this regard. He added that the recently announced Rs 1,500 crore Prime Minister Development Initiative for the North East (PM-DevINE) scheme will prove to be a bonus for the sector.

He further added that the North East Region is entering a new phase of development with several new opportunities emerging and that there is a need to make the most of this changing paradigm.

The Minister also urged that to achieve the goal of overall development, it is pertinent that all stakeholders, including the MSMEs need to work together to embark on a vibrant journey to realise the dreams of a better future.

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MG/RNM