MSME Conducts Entrepreneurship Session at Sangam University Bhilwara Rajasthan
Worldwide, the micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The major advantage of the sector is its employment potential at low capital cost.
Online, September 25, 2013 (Newswire.com) - The labour intensity of the MSME sector is much higher than that of the large enterprises. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSMEs play a pivotal role in the overall industrial economy of the country. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector.
With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. As per available statistics (4th Census of MSME Sector), this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45% of the manufacturing output and around 40% of the total export of the country.
MSME Development Institute (MSME-DI), Jaipur was set up on 14th January 1958 and is engaged in promotion and development of Small Scale Industries in the State of Rajasthan. The important consultancy services provided by the Institute include techno-economic and managerial services and basic input in the form of information required to set up new unit. The entrepreneurs are guided suitably to enable them to start their own ventures.
On 08 August 2013, Mr K.C. Bhukesh, Assistant Director and Consultant Mr R S Shekhawat from MSME Jaipur visited Sangam University and conducted an interactive session highlighting the need for entrepreneurial culture among youth including the importance of MSME in the economy of India today and basis for classification of enterprises under micro small and medium enterprises as well as the various incentives available for setting up MSME.
The session ended with vote of thanks proposed by Prof BR Natarajan President - Vice Chancellor Sangam University where he also announced that PHD Chamber - BSE would be conducting session on Investor Awareness on 14 Aug 2013 and Reserve Bank of India - RBI would be conducting a session on Forex Management on 27 Aug 2013 at the University campus.