Incubators are essential for enhancing competitive edge of new enterprises: MoS MSME

Ahmedabad, Oct 11 (KNN) Bhanu Pratap Singh Verma, Minister of State for MSME said that incubators are required for creating a supportive environment and help new enterprises work on their weaknesses and sharpen their competitiveness.

He said this while addressing an interactive session on entrepreneurship and MSME Related Projects during his visit to Entrepreneurship Development Institute of India (EDII), Ahmedabad.

Calling the growth in the MSME sector profound, he said that the government is dedicated to help the MSMEs.

“Especially after Covid-19 when the sector was quite noticeably affected. The MSME environment is renewing and reviving to become more upbeat than ever,” said the minister.

The Minister appreciated EDII for ensuring that the Indian MSME industry embraces a host of novel approaches and techniques, right from procurement of raw materials, introducing innovations to exploring new avenues for sale of products, to dealing with competition.

He further said, “I look forward to EDII playing the role of Mentor Institute for ASPIRE scheme of the Ministry, and facilitate strengthening of rural and agro incubation ecosystem by establishing Livelihood Business Incubators.”

Various industry officials, academic professionals and EDII officials were present during the interaction.  (KNN Bureau)