Centre asks state to focus on growth of SMEs

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Bhubaneswar  Jan 2: The Centre has reminded Odisha government to focus seriously on the growth of small and medium enterprises (SMEs) and urged the state to issue a stringent directive to all state level public sector undertakings (PSUs) to acquire at least 20 per cent of their products and service needs from the SMEs.

While addressing the second edition of the Odisha MSME International Trade Fair-2014 in the city, joint secretary (SME) under Ministry of MSME micro, small and medium enterprises) S N Tripathi stated on Wednesday, “The Centre has already written to chief ministers of states including Odisha, to make similar reservations for the state PSUs and CPSUs for strengthening the SMEs in line with the central guidelines.”

Speaking about the progress in Odisha, director of industries N Palai said, “The state MSME department would soon issue a notification regarding this and the guidelines of the Centre would be followed strictly.”

Addressing the occasion, Odisha Governor, S C Jamir observed that MSMEs, especially in the traditional sector, are not cost effective. He advised to concentrate on research and development.

He further said, “We must make the SMEs technologically competent to meet the increasing levels of domestic and global competition arising from economic liberalization and market reforms. Besides, the banks should also give special attention to finance the micro and small entrepreneurs.”