Innovation driven business critical for growth, says MSME Minister
Updated: Aug 01, 2013 06:19:39pm
Gurgaon, Aug 1 (KNN) In the present competitive world, innovation driven entrepreneurship is critical for the growth of the Indian economy, said Minister for Micro, Small and Medium Enterprises, K H Muniyappa.
Speaking at the inauguration of the Indian School for Entrepreneurs and Enterprise Development iSEED, here today, “Worldwide, the micro small and medium enterprises (MSMEs) primarily driven by first generation entrepreneurs have been accepted as the engine of economic growth and for promoting equitable development. The MSME sector is a nursery of entrepreneurship, often driven by individual creativity and innovation,” he said.
The MSME Ministry, according to him has been conducting skill development programmes for the entire value chain of manufacturing to encourage Indian youth towards entrepreneurship and innovation.
As many as 10 Tool Rooms, set up by the Ministry are currently providing both long and short term training for more than one lakh persons, he pointed out.
Entrepreneurship has a large role to play in employment creation. In keeping with that premise, Muniyappa said the goals of MSME’s skill building initiatives include encouragement and promotion of indigenous entrepreneurship from all walks of life.
Towards the establishment of new training institutions, the Ministry of MSME has been supporting the efforts of state governments / union territories, industry associations, financial institutions, technical/ management institutions, other non-governmental organizations (NGOs). (KNN/ES)
Feedback: newsdesk@knnindia.co.in
Speaking at the inauguration of the Indian School for Entrepreneurs and Enterprise Development iSEED, here today, “Worldwide, the micro small and medium enterprises (MSMEs) primarily driven by first generation entrepreneurs have been accepted as the engine of economic growth and for promoting equitable development. The MSME sector is a nursery of entrepreneurship, often driven by individual creativity and innovation,” he said.
The MSME Ministry, according to him has been conducting skill development programmes for the entire value chain of manufacturing to encourage Indian youth towards entrepreneurship and innovation.
As many as 10 Tool Rooms, set up by the Ministry are currently providing both long and short term training for more than one lakh persons, he pointed out.
Entrepreneurship has a large role to play in employment creation. In keeping with that premise, Muniyappa said the goals of MSME’s skill building initiatives include encouragement and promotion of indigenous entrepreneurship from all walks of life.
Towards the establishment of new training institutions, the Ministry of MSME has been supporting the efforts of state governments / union territories, industry associations, financial institutions, technical/ management institutions, other non-governmental organizations (NGOs). (KNN/ES)
Feedback: newsdesk@knnindia.co.in
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