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5-day meet to push small unit growth

KOLKATA: After the Mumbai business meet, the Mamata Banerjee government is set to hold a five-day Bengal business conclave - Synergy MSME 2013 - from September 18 to 22 in the city to develop micro and small scale industry in the state. The government is partnering with several chambers of commerce and banks, both nationalized and private, for the event.

The conclave will come up with all kinds of issues to create awareness on skill and cluster development, modern marketing, technology facilitation and understanding the laws for the micro and small scale enterprises for easy bank loans and necessary finance for developing their business.

Chief minister Mamata Banerjee had earlier urged industrialists to set up small ancillary units on handicrafts, apart from the large scale units, to develop the MSME sector. The state micro and small scale enterprise department is working on several initiatives to develop the industry.

The government is working on a plan to implement a cluster development programme for minimum 25 units of the same enterprise in a specific area in which the entrepreneurs will get benefits such as skill upgradation, market survey, assessment of cluster potential and preparation of cluster DPR of clusters for a maximum up to Rs 25 lakh.

The government is also working on giving financial incentives to the individual units such as one-time 
capital investment subsidy, interest subsidy for five to seven years, electric duty waiver, power subsidy, reimbursement of stamp duty and registration and additional incentives for enterprises owned by women, entrepreneurs and self-help groups belonging to the minority communities.

According to sources, the five day business conclave, to be held at Milan Mela, will help entrepreneurs in interacting directly with the banking institutions and government officials. to get a complete idea as to what they could do.

In May this year, chief minister Mamata Banerjee, while releasing the draft industry policy, had announced some incentive proposals laying much emphasis on the MSME sector.

She had said that the government was working to generate employment opportunities in this sector.

The most significant plan that the government was working on is to include companies having fixed capital investment in the bracket between Rs 10 crore and Rs 100 crore which is within the ambit of VAT refund. The 
MSME sector mostly has a capital investment falling in this range that accounts for 50% of the state's total industrial production.