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Small scale industries backbone of economy

"As part of inducing a culture of entrepreneurship in a society, people who contributed to the development of the small scale industry must be appreciated."

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Thiruvananthapuram: Small-scale industries are the backbone of the economy of the State, Kerala Revenue Minister K Rajan said while inaugurating an ‘MSME Seminar’ and launching new products at a function held at the Kawadiar Chamber of Commerce and Industries Auditorium, here on Monday.

Kerala Sports Minister V Abdurahiman inaugurated the MSME Day celebration. The KSIDC-Metro MSME Awards were distributed by State Transport Minister Antony Raju and Revenue Minister K Rajan at the function which was presided over by MLA VK Prasanth.

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Stating that the Left Government’s utmost priority is to give support to Micro Small and Medium Enterprises (MSME), the Revenue Minister said the Government is moving ahead with a mission “My Enterprise is the Pride of the Nation” aiming at a target of 1 lakh MSMEs in 2022-2023 to ensure jobs for several lakh of people.

“As part of inducing a culture of entrepreneurship in a society, people who contributed to the development of the small scale industry must be appreciated.”

Pointing out that entrepreneurial activities are the mainstay of the country’s economic growth, Minister V Abdurahiman said developed and developing countries are promoting entrepreneurship for their sustainable development.
The contribution of mini industrial estates and industrial parks to the industrial growth of Kerala is immense, he added.

Kerala’s excellent connectivity, communication network, available skilled manpower, favorable climatic conditions, and relatively improved industrial infrastructure are the key factors for the growth of the MSME sector, he added.

Saying that MSMEs play an important role in the industrialization of the rural backward areas of Kerala, he said MSMEs became the backbone of the socio-economic development of the state.

The International MSME Day celebration and the KSIDC-Metro MSME Award function were organized by the Metromart and the Thiruvananthapuram Chamber of Commerce in collaboration with the MSME Development Institute and the National Small Industries Corporation.

Kerala State Industrial Development Corporation Managing Director MG Rajamanickam delivered the keynote address.

NSIC Chief Manager D Paul Bright Singh, Dr. Suresh, Thiruvananthapuram Chamber of Commerce and Industries President SN Raghuchandran Nair, Thiruvananthapuram Chamber of Commerce and Industries Secretary Abraham Thomas, Confederation of Kerala Tourism Industry President EM Najeeb, South Kerala Hoteliers Forum Patron Chandrasenan, Classified Hotels and Resorts Association Secretary Kottukal Krishnakumar, Metro Mart Managing Director CG Nair was also present.

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