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PHDCCI-Rajasthan to help MSMEs

IANS  |  Jaipur 

To stimulate the growth of Micro, (MSMEs), industry body PHD Chamber of Commerce & Industry has tied up with SME Rating Agency of (SMERA) to help entrepreneurs to get financial assistance, said at the inauguration of the PHDCCI's State Chapter in

The MSME sector is the second largest employment creator in the country after agriculture.

The new turnover-based definition of MSME will bring more firms within the MSME fold, helping them to increase their access to funds from the sector, Khaitan said on Tuesday.

The has developed a web portal bringing in all government schemes under one umbrella. The industry body has suggested the Government formulate a 'Trade with India' policy apart from the existing 'Make in India' policy.

Chairperson, PHDCCI, Shruti said was committed to the growth of MSMEs, which contribute to more than 90% of the country's GDP.

Former Secretary, Ministry of Tourism, Government of India, and to PHDCCI, Rajasthan, Vinod Zutshi, said should tap solar power, apart from tourism, to generate more revenue and jobs in the state.

"Policy and industry needs should match. The industrial chambers have to play a crucial role," said Zutshi.

Additional Chief Industries and RICCO, Rajeeva Swaroop, reiterated the government's commitment to boosting industrial growth with great incentives in Investment Promotion Scheme (RIPS) and other industrial policies. He pointed out that the labour situation and the digital ecosystem were conducive to the health of industry in the state.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 21:36 IST