New MSME policy on anvil: Rout

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    Dr Rout 1

     

    Reported by Santosh Jagdev/Edited by Sandeep Sahu

    Bhubaneswar, July-26: The state government would soon enact a Micro Small & Medium Enterprises (MSME) policy which would help the development of the sector, MSME minister Damodar Rout announced here today.

    Speaking on a programme ‘MSME Summit cum Expo 2013’ with theme ‘Opportunities, Growth, Performance and Challenges’ organized by Indian Chamber of Commerce (ICC) in association with MSME Department Government of Odisha at Swosti Premium Hotel here, Rout said MSMEs have specific needs and the new policy would go a long way in meeting them. The sector already provides employment to nearly 60 million persons and account for nearly 45 per cent of country’s manufacturing output, he said.

    The government, he said, planned to create 10, 000 entrepreneurs in the state and a plan had been chalked out to organise sensitization programmes in every block to encourage the youth to explore the immense possibilities of the MSME sector.

    “The new wave of industrialization being witnessed in Odisha today, especially in the metal, power, cement, petro-chemical, IT, tourism etc. sectors and the current growth in the services sectors provide enormous opportunity for the growth of MSMEs in the state,” the minister said.

    To meet the infrastructure needs of MSMEs on a priority basis, the Odisha government has reserved 20 per cent of the area in all industrial estates, industrial parks and industrial corridors, Besides, land banks are being planned for such units, he said adding that the state-owned Industrial Infrastructure Development Corporation (IDCO) is promoting new exclusive zones for MSMEs in all major industrial hubs of the state. Such exclusive zones will also come up near the Special Economic Zones in the state. The government has also decided that wherever land is provided to large and medium industries, 10 per cent of the land, subject to a maximum limit of 200 acres, will be earmarked for setting up MSMEs. This will facilitate the setting up of ancillary and downstream units, preferably in cluster mode.

    To provide assured sources of raw material for such units, the Orissa Small Industries Corporation (OSIC) and the National Small Industries Corporation (NSIC) will set up raw material banks and act as nodal agencies for MSMEs. Public sector resource companies would accord priority to OSIC and NSIC in supply of raw materials, which will be made available to MSMEs at the lowest possible rate.

    Speaking on the occasion, N D Rao, Managing Director, Brahmani River Pellets Limited and Executive Member, ICC Odisha Expert Committee said Odisha could do business worth Rs. 50 billion in the next 10 years from the MSME sector.

    Among others, Panchanan Dash, Secretary, MSME, P C Nayak, Regional Head, NSIC-Odisha and Chhattisgarh, M K Gupta, Managing Director, Gupta Power Infrastructure Ltd., Rita Singh, Chairperson cum Managing Director, MESCO Steel, P K Mishra, Managing Director, Neelachal Ispat Nigam Ltd., and J B Pany, Managing Director, Radiant Telesystem Ltd. were present.