ENA MSME 2019-01-14 10:29:54 <p><strong>New Delhi, Jan 14 (KNN)</strong> The leading southern Micro, Small and Medium Enterprises (MSME) Associations are coming together to organize the South India MSME Summit-2019 at Bangalore in order to project their issues in front of the Government and seek suitable solutions.</p> <p>Karnataka Small Scale Industries Association (KASSIA) said the objective of the Summit is to discuss key issues with a view of finding solutions to them within a frame work which provides the right environment for their growth and development. </p> <p>Though the Governments at the Center and the States have a number of policies aimed at improving situation for the benefit of SMEs, most of these policies fail in implementation and remain on paper, the release said.</p> <p>In a press conference, KASSIA briefed about South India MSME Summit-2019, being organized at Bengaluru, by the Southern MSME Associations on, 17th January 2019, at 11.00 AM at the KASSIA Auditorium.</p> <p>MSMEs, especially micro and small enterprises, serve as the backbone of the Indian economy. Listed under the priority sector, SMEs contribute the largest to job creation, after agriculture.</p> <p>SMEs account for about 10 to 12% of GDP, 40% of manufacturing output and about 45% of exports from the Country. They play an extremely vital role in providing employment to the unskilled and semi-skilled from the most vulnerable sections of the Society, who otherwise would remain unemployed and may add to social problems. </p> <p>However, SMEs undergo severe hardships in their functioning which affects their growth and development. </p> <p>This is largely due to the eco system that prevails and is unfriendly to their growth and development.</p> <p>The major problems that confront SMEs relates to finance, absence of good infrastructure, technology issues, marketing, procurement issues, regulatory issues, red tape, harassment and victimization, among others.</p> <p>A large number of entrepreneurs are expected to be present at the summit along with the representatives of the leading southern associations.</p> <p>A common memorandum comprising the key issues that need to be addressed by the Government of India and the States will be presented to the Ministers on the occasion.</p> 21801 https://knnindia.co.in/news/newsdetails/msme/leading-southern-msme-associations-are-coming-together-to-organize-the-south-india-msme-summit-2019 2019-01-14 10:29:54 knnindia.co.in