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13/01/2020 12:09pm

UP CM lauds MSMEs; calls it backbone of industrial growth

image UP CM lauds MSMEs; calls it backbone of industrial growth

Lucknow, Jan 13 (KNN) Uttar Pradesh Chief Minister Yogi Adityanath has lauded the Micro, Small and Medium Enterprises (MSMEs) and termed it as the backbone of industrial growth.
 
''The MSME sector offered unlimited opportunities for creating employment opportunities with minimal capital investment and land requirements, since a majority of these units were operated out of the premises of entrepreneurs,'' Adityanath said, while after inaugurating the ‘Hunar Haat’ in Lucknow.
 
Lauding his state's growth during 2018-19 financial year, the former Member of Parliament (MP) said, “during 2018-19 financial year, while the country’s industrial exports grew by eight per cent, UP clocked export growth of 28 per cent. This indicates the high potential in this sector.”
 
The state had logged industrial exports worth Rs 1.14 trillion in 2018-19, compared with nearly Rs 89,000 crore the previous year.
 
He also mentioned UP’s flagship ‘one district, once product (ODOP)’ scheme to promote traditional industries and handicrafts of the state.
 
The CM claimed his government’s proactive policies and marketing support helped Moradabad and Bhadohi industrial hubs post brassware and carport exports of Rs 6,000 crore and Rs 4,000 crore, respectively, last year.
 
''UP was known globally for its traditional industries, but the state lost its glory because of apathy under previous regimes over the decades,'' he added.
 
He further said that each of the 75 districts in UP was famous for its unique traditional and indigenous industry. They only needed a little government support in terms of policy, marketing, etc.
 
Launched in 2018, the ODOP scheme aims to revive UP’s indigenous industries through financial, marketing and training support with the help of banks, knowledge partners and private marketing entities, including e-commerce.

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