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August 11, 2018

Roadshows to promote MSME Conclave

Roadshows to promote MSME Conclave

As a curtain-raiser for the 2018 edition of the Synergy State MSME Conclave, which has become a prime attraction for investors and potential investors, and business owners in the micro, small and medium enterprises (MSME) sector, the State MSME & Textiles Department held a roadshow at Bengal National Chamber of Commerce and Industry on August 9.

The department is also conducting district-level meetings and roadshows as a precursor to the conclave.

The MSME Conclave will be held on August 20 and 21. It will be inaugurated by Chief Minister Mamata Banerjee. Over 5,000 MSMEs, besides experts from various fields will be attending.

The conclave will focus on lean manufacturing and rural entrepreneurship, and sensitise alternate bank financing routes like initial public offering (IPO).

MSMEs have been doing very well in Bengal, which has been appreciated through awards by the Central Government too. Bengal has the highest number of MSMEs in the country with 52,69,814 units, accounting for 11.62 per cent of the overall number. In 2017, the State recorded the biggest bank credit flow to the MSME sector in the last five years at US$15 billion.