IMAGE
Bengal Chamber holds its Annual Manufacturing and MSME Conclave
Kolkata, Feb 3 (IBNS): The second edition of the Annual Manufacturing and MSME Conclave organised by the Bengal Chamber of Commerce and Industry (BCC&I) was inaugurated on Friday at the Chamber's premises in Kolkata.
The two-day conclave is titled “Competence Building for Manufacturing, emphasizing MSMEs and Annual MSME Awards”.
The tenth edition of the Chamber's annual MSME Excellence Award programme titled “The Bengal Chamber Awards on Achieving Excellence for MSMEs” is also part of the conclave.
The first day of the conclave was devoted to Engineering/Manufacturing Case Study Presentations and the Annual MSME Excellence Award Programme was held on the second day.
The Micro, Small and Medium Enterprises (MSMEs) sector has emerged as a highly vibrant and dynamic sector of the global economy, especially in the Indian economy over the last couple of decades, the organisers said.
The Chamber also highlighted that MSMEs play a pivotal role in providing large employment opportunities at comparatively lower capital Investment than larger industries and also help in industrialization of rural /underdeveloped areas.
They are complementary to large industries mostly working as ancillary units and contribute enormously to the socio-economic development of the country.
The sector consisting of 36 million units approximately provides employment to about 80 million persons.
The sector makes more than 8,000 products and contributes about 8% to Gross Domestic Product (GDP) besides 45% to the total industrial output and 40% to the exports of India, the Chamber said in a release.
The labour to Capital ration in MSMEs and the overall growth are much higher compared to larger industries and geographically the distribution of MSMEs is more even across the country. They have the potential to spearhead industrial growth across the country and could be a major partner in the process of inclusive growth.
MSMEs are the fountain heads of several innovations in manufacturing and service sectors and they are a major link in the supply chain to corporates and the PSUs.
The objective of the Chamber in organizing the Award Programme is to showcase the excellent practices prevailing in the manufacturing and service sectors for the MSMEs and along with create a forum for sharing of knowledge, experiences and know-how in areas like engineering, manufacturing, technology, services and related aspects.
Top Headlines
-
News
Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws
November 22, 2024
-
News
Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police
November 22, 2024
-
News
Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing
November 22, 2024
-
News
Pakistan: 42 Shiites die after gunmen open fire on vehicle in Kurram
November 22, 2024
-
News
PE firm TA Associates' strategic investment in VeeHealthtek
November 19, 2024
-
News
Manipur unrest: Civil society sets 24-hr deadline for BJP MLAs to take 'decisive action'
November 19, 2024
-
News
Delhi chokes as air quality remains in 'severe plus' category amid curb on several daily activities
November 19, 2024
-
News
Keir Starmer meets Narendra Modi in Brazil, announces relaunch of UK-India free trade agreement talks
November 19, 2024
-
News
Tirumala trust asks non-Hindu staffers to retire or opt for transfer
November 19, 2024
-
News
Manipur's unabated violence kills 1 more in Jiribam, Amit Shah schedules meeting today
November 18, 2024