The Union government plans to set up 500 incubation centres
Union minister of state for micro, small and medium enterprises (MSME), Giriraj Singh
COIMBATORE: The Union government plans to set up 500 incubation centres for creating skilled professionals and entrepreneurs with Rs. 200 crore investment on private-public partnership model across the country in the next one year, the Union minister of state for micro, small and medium enterprises (MSME), Giriraj Singh announced in Coimbatore.
The minister was in Coimbatore to inaugurate the five-day 16th edition of International Machine Tools and industrial Trade fair -INTEC 2015 at Codissia trade fair complex.
Initially, Rs 200 crore would be allotted for setting up the incubation centres, particularly in districts, the minister told the media here.
Though 65 per cent of the Indian population is below 35 years of age, only two per cent of them are skilled. These incubation centres will provide technical knowledge to them to make them skilled professionals or entrepreneurs, he added.
The centre also plans to establish 15 more new tool rooms with 3D technology that will provide hands-on training for workers by next year. The Centre is taking efforts to make MSME competitive through technological innovation.
Coimbatore is the mother of MSMEs and it is encouraging to see greater pace in this city, he said. Talking about the fluctuation in inflation and hurdles faced by the MSME sector, he said a Bill had been moved in Parliament to raise the ceiling limits in three slabs: From Rs 25 lakh to Rs 50 lakh, then from Rs 5 crore to Rs 10 crore and Rs 10 crore to Rs 30 crore. “But the opposition parties are opposing the bill which we have referred to parliamentary standing committee,” he added.
The MSME sector has 40 per cent share of industrial production in India. Large industries with Rs 11 lakh crore investment provides employment to 1.25 crore people while the 5.77 lakh crore MSME sector units give employment to over 14 crore people.
Talking about the Government’s Mudra Bank to support micro and small units in three levels, he said that the efforts are on to simplify or relax various rules, which are hurdles to their growth.
“First time since Independence, the NDA government has mapped the industry at district level based on parameters like type of industry, products being made and marketing support, to understand the requirements and to increase contribution of MSME in industrial production,” said Giriraj Singh.
( Source : dc correspondent )
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