"India MSME Report 2012" Released

FAPCCI in association with Institute of Small Enterprises have organized the event of release of India MSME Report 2012 at Surana Udyog Auditorium.

Sri Srinivas Ayyadevara, Senior Vice President, FAPCCI in his address urged the government to take measures to improve the share of industrial sector in APGSDP, which is currently at around 11% to 16%, which is the national average. 

Dr. P.M. Mathew, Director, Institute of Small Enterprises and Development has given the highlights of the report.

Dr. Rajat Kumar, IAS, Commissioner of Industries released the Report and spoke on the occasion.

He congratulated Dr. Mathews for the exhaustive work done by the institute, which is referred by Government Planning Departments and also the Industry Associations.

He said that 80% of industry problems are related to 20% problems and termed it as 80-20 Policy. The major problem that is faced by the industry in the state now is power and said that government is ready to supply 400 MW of power to industry at a higher price and commended FAPCCI or taking up similar exercise. Other problem that needs immediate attention is Credit availability to the industry and said India is lacking Credit worthiness rating system as in Korea.

He stated that we need to focus on two things:

What all policies/programs are available for industry and how they are implemented and

Revival of sick units and apply our heart and mind to solve the problem of sickness.

Other Participants in the programme are Dr. Chandrasekha Reddy, Director General, NIMSME; Dr. Akadas, Director, MSME-DI; Mr. Kannan, General Manager (SMEs), Andhra Bank, Dr. Rammohan Rao, Head of the Department, Geetam’s Institute of Management, Mr. Arukumar Dukkipati, Chairman, Industrial Development Committee, FAPCCI

Mr. Shiv kumar Rungta, Vice President, FAPCCI has proposed vote of thanks.