Northeastern Regions Have Untapped Potentialities In MSME Sector : Union Minister – G. Kishan Reddy

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The union Minister of Development of North East Region (DoNER), Tourism and Culture – G. Kishan Reddy acknowledged that the Ministry of Micro, Small & Medium Enterprises (MSME) sector is the backbone of the economy, and that northeastern regions have untapped potentialities along the industry, while opportunities in agriculture, food processing, tourism, mineral based industries, IT, infrastructure etc. still needs to be explored.

Addressing the ‘North East MSME Conclave: Building Competitiveness for Leveraging Opportunities’, organized by the Confederation of Indian Industries (CII), Reddy asserted that  central government has remained committed towards empowering the MSMEs and the recent budget has given a further push to make them more competitive.

He further emphasized that MSMEs will play a critical role for the nation’s economic growth over the next 25 years of ‘AmritKaal’.

According to PIB report, the Union Minister also called upon all stakeholders to work together, and bring most of the changing paradigm of development in the North East, thereby promoting the concerned sector.

He also emphasized on the fact that centre has remained committed towards development of the North East Region and several measures have been taken in this regard.

“The Central Government recently announced Rs 1,500 crore Prime Minister Development Initiative for the North East (PM-DevINE) scheme will prove to be a bonus for the sector. The North East Region is entering a new phase of development with several new opportunities emerging and that there is a need to make the most of this changing paradigm.” – the report further reads.

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