New Delhi, 17 Nov (KNN) Narayan Rane, Union Minister for MSME will be chairing North East MSME Conclave, along with Himanta Biswa Sarma, Chief Minister of Assam  on 18th November, 2021.

Senior ministers  of all North-Eastern States and dignitaries will be present at this event in Guwahati.

The conclave is organised by the Ministry of MSME and aims at promoting entrepreneurship and trade opportunities for MSMEs in the North-East Region.

MSME sector plays a significant role in terms of job creation and expanding manufacturing base. Currently, it consists of over 6 crore units employing over 11 crore people and is a seminal contributor to the economic growth with over 30% of contribution to GDP and over 49% of overall exports from India.

The development of North East is imperative for the overall development of India, and it is also the top most priority of the Ministry of MSME. 

The Ministry has special focus on the development of MSMEs in North East Region to bring in economic prosperity to the region and propel their contribution to the nation’s GDP, said the press release.

In the past few years, the correlation between the Indian economy and the MSME sector's performance has been aligning rapidly. This would continue to grow even closer in the upcoming years.

Given the impact of MSMEs on our economy, it is vital to encourage entrepreneurship amongst the youth and allow them to play an integral role in development of Indian economy thereby realizing the dream of 5 trillion economy.

Such dialogues will help North East Region in its efforts towards encouraging entrepreneurship and enhancing competitiveness of the sector in the changed economic scenario.

This would also help in developing understanding about the schemes implemented by the Ministry as well as initiate a dialogue with the State Governments and other stakeholders that would help in better planning and execution of policies for the sector, the release said.