Union Minister for Development of North East Region (DoNER), Tourism & Culture G Kishan Reddy said there was immense potential for micro, small & medium enterprises (MSMEs) in Northeast in agriculture, food processing, tourism, mineral-based industries, IT, infrastructure, etc.
Addressing the “North East MSME Conclave: Building Competitiveness for Leveraging Opportunities” organised by Confederation of Indian Industries (CII) in New Delhi on Wednesday, he called for tapping this huge potential for bringing about inclusive development in the region.
He mentioned that the North Eastern region was entering a new phase of development with several new opportunities emerging, adding that there was a need to make the most of this changing paradigm.
He said that the Centre was committed towards development of the region and that several measures had been taken in this regard. He said the recently-announced Rs 1,500-crore PM-DevINE scheme would prove to be a bonus for MSME sector.
Hailing the MSME sector as the backbone of economy, Reddy emphasised that MSMEs must take the lead in the journey towards Atmanirbhar Bharat. He predicted that MSMEs would play a crucial role in the nation’s economic growth over the next 25 years of “Amrit Kaal”.
To achieve the goal of overall development, the minister said it was pertinent that all stakeholders, including the MSMEs, worked together to embark on a journey to realise the dream of a better future.