Assam CM lauds MSME sector, says it’s a prime driver of growth

Guwahati, Nov 23 (KNN) Assam Chief Minister Sarbananada Sonowal has lauded the Micro, Small and Medium Enterprises (MSME) sector and said it’s a prime driver of growth which will play an important role in making India a five trillion dollar economy by 2024.

While inaugurating a two-day North East MSME Summit for SC and ST entrepreneurs here on Friday Sonowal said on Friday, ''The sector is a prime driver of growth with their contribution to output and employment in all economies.

"The MSME sector is a critical component of India's growth story, making significant contributions to GDP, employment and exports," Sonowal said.

Apart from appealing to the entrepreneurs to take benefits of the National SC/ST hub to add capacity building, Sonowal also thanked Ministry of MSME and CII for organising the summit which would help the youth of North East empower themselves and create avenues for themselves and others.

"Entrepreneurs associated with food processing, handloom, tea, bamboo, fishery, organic farming hold immense potential as value addition to the products from these sectors can create good avenues of industrialization," said Union Minister of State for MSMEs Pratap Chandra Sarangi.

After agriculture, MSME is the second most important sector where maximum number of people are involved, he added.

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