NSIC Official Announces Gujarat As The Highest Growing State In SME Industry!

The official also added that 15 per cent of SMEs in the state have closed down, which means the closure rate has dished drastically in last six years.

An official from National Small Industries Corporation (NSIC) has explained that SMEs or the Small and Medium Enterprises in Gujarat in the electrical and electronic equipment industry is growing at the highest rate in the country. NSIC is a public sector enterprise of the Ministry of Micro, Small and Medium Enterprise (MSME).

NSICNSIC central zone’s general manager P.K. Jha was speaking to reporters at the sidelines of Gujarat Manufacturing Show-2014 when he said that in last six years the growth rate is 86 per cent. Gujarat Manufacturing Show-2014 was organized by the confederacy of Indian Industry (CII). Jha also added that 15 per cent of SMEs in the state have closed down, which means the closure rate has dipped drastically in last six years.

Earlier, as per Jha, the closure rate was 26-27 per cent. At the national level the rate is around 25 per cent in last six years. The consortia marketing programme has been valuable for product manufacturers to come together and produce identical products, maintaining government standards. He said that this programme started last month only and it has been aimed at maintaining international quality of products so that the export market is at the profitable end.

S K Negi, managing director, Gujarat Energy Transmission Corporation Limited (GETCO), delivered an inaugural address at the event, when he explained the needs for global sourcing of raw materials and human resources. The power sector needs a revival strategy as soon as possible. He also said that products having “brand value” should be developed by the electrical and electronic equipment industry. Consistency is product quality is also highly required, says Negi.

Industrial advisor to Ministry of Heavy Industries and Public Enterprises, K K Tiwari, said that if India wants to achieve their GDP goal, then electricity generation capacity needs to be increased by at least five times by 2032. He also asked that the trend, to get certificates from Industrial Training Institutes (ITIs) for jobs, should be stopped, as skill upgradation is the major demand of the present industry.

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