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Assam Governor says India can develop only when NE develops

Press Trust of India  |  Guwahati 

today said that can develop only if the North East develops and the Union is very keen to ensure that this happens at the earliest.

"North East is the gateway to the countries as well as other neighboring countries hence and can serve as a strong base for the nation's economic growth", the said while inaugurating the North East MSME Conclave 2018, organised by the (CII-NE), here.

MSME plays a critical role in the growth of GDP, Employment and and the focus of 'Start Up Stand Up' initiative was on this sector, he added.

CII-said the Central and State has encouraged the MSME sector to grow in the NE region.

He also highlighted the various issues faced by this sector which includes lack of infrastructural development, connectivity, inadequate application of technology, non-availability of risk fund and absence of NE Industrial Policy.

MSME Panel and SBI's Chief General Manager(NE Circle) PVSL N Murthy pointed out the contribution of towards the development of MSME in the NE.

He urged for a joint effort by the stakeholders and in building the linkage between the needy and the giver.

He also highlighted some major issues like the poor accessibility of funds and utilization of and stressed the need for and banks to work together for the growth of the MSME sector.

The Conclave also held deliberations on bankers- entrepreneurs connect, building competitiveness and capacity building and marketing and brandinglarge industry partnership and market linkage by eminent experts and senior officials from various stakeholders organisations, state and Central Government.

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

First Published: Thu, January 11 2018. 20:10 IST