Ahmedabad, 6 Dec (KNN) Narayan Rane, Union Minister of MSME on Saturday visited Entrepreneurship Development Institute of India (EDII), Ahmedabad to deliver an address on ‘Role of MSMEs in Enhancing Growth and Competitiveness’.
The Minister emphasized the significance of nurturing a strong industrial environment for revivification of the economy, said the press release.
He said, “A flourishing industrial environment brings stability in society by providing innovative solutions. It also inspires the younger generation to think creatively and dares them to take the plunge. Hence the emphasis on MSME growth and sustenance is a must. Today several progressive Govt. schemes envision an inventive new generation of entrepreneurs who can set up their small enterprises and start-ups, nurture innovations and bolster the economy of the country.”
Supporting the emergence of and entrepreneurship in the current times, MSME Minister Rane added, “There’s an advantage for both existing and new MSME entrepreneurs. Existence of several incubation centres, easier patent filing, ease of setting up business, and a myriad of progressive schemes relating to legal formalities, credit, marketing, markets, technology, intellectual property, human resource etc. have made it a lot easier. MSMEs need to consider how ideas and execution need to go hand in hand. A bright idea has to be followed by good execution.”
He also released the Global Entrepreneurship Monitor India Report 2020-21. The Global Entrepreneurship Monitor (GEM) Survey is the largest annual study of entrepreneurial dynamics in the world, conducted using a well-established GEM research methodology that is consistent across all participating countries and generates a variety of relevant primary information on different aspects of entrepreneurship
A handbook was also released on ‘Loom to Mall’. EDII is implementing the project – Hand Made In India in association with HSBC. It is a rewarding project wherein the weavers’ capacity building is undertaken and strengthened to enhance their income and nudge them towards entrepreneurship through multiple interventions in 6 clusters across the states of Orissa, Gujarat, Tamil Nadu, Madhya Pradesh and Assam. The Handbook captures the project interventions and the growth of weavers.
The Minister also inaugurated the MSME supported newly constructed facilities on EDII Campus and presented the Gujarat Startup Awards 2021 to startups in the category of ‘Emerging’, ‘Growing’ and ‘Special Jury Award’. (EDII is devoted to promoting entrepreneurship and start-up through a host of interventions. EDII hosted Centre for Advancing and Launching Enterprises (CrAdLE), a Technology Business Incubator, has incubated 72 startups since its inception in 2016).
EDII Director-General, Dr Sunil Shukla said, “Entrepreneurship being a rewarding development strategy, more and more enthusiasts are getting allured to the charms of being an entrepreneur; they are equipping themselves with knowledge and skills, and subsequently stepping forth with innovative enterprise ideas. Even established MSME entrepreneurs are seeing opportunities to scale up. The Post COVID world has been particularly tough and it all the more necessitates the significance of knowledge and skills to manoeuvre forth. The Atmanirbhar Bharat Abhiyan, especially focuses on MSMEs, thus assigning certain strategic advantages to them. In consonance with it, EDII has been working diligently to make India into one of the most fascinating MSME destinations.”
Reference: https://knnindia.co.in/news/newsdetails/msme/msme-minister-rane-visits-edii-launches-gem-report-gives-away-gujarat-start-up-awards-2021
