CII to Come Up With Industrial Parks
CII to Come Up With Industrial Parks
BHUBANESWAR: Calling for greater measures to provide support to small-scale industries, industry barons discussed ways to minimise..

BHUBANESWAR: Calling for greater measures to provide support to small-scale industries, industry barons discussed ways to minimise the gap between small and large-scale industries.  While the national GDP is eight, it is 9.5 per cent in the State due to  industrialisation. However, there is a huge gap between the Micro, Small and Medium Enterprises (MSMEs) and the large industries and this needs to be reduced to harness the true potential of the MSMEs. “MSME has become a royalty sector with special incentive being given to those  investing in this sector,” said Industrial Promotion Investment Corporation CMD C J Venugopal while speaking at a conference on ‘MSME Linkage’, organised by the Confederation of Indian Industries (CII).  The Government has come up with a policy on MSMEs to tackle these issues. A number of industrial estates will be set up and the CII will come up with 16 industrial parks. Each park will have investments ranging from ` 50 lakh to ` 150 crore. This sector suffers mostly due to lack of marketing support. “Entrepreneurial skills also need to be developed and young entrepreneurs need to be encouraged,” said CII Odisha State Council chairman B L Bagra. “It is better to be a job creator than a job seeker,” he added.  One young entrepreneur Sriram Panda, the director of the MITS Food Park, spoke on  the food processing scenario in Odisha. He made a mention of the first phase of the project coming up at Rayagada at an estimated ` 129 crore. Many speakers spoke on the incentives Odisha offers as a major MSME zone. Director, Department of Industries and Commerce, K N Khatai said the prices are not competitive in small-scale industries sector and the delivery of the products are mostly behind schedule. This creates a problem for them. He appealed to the large scale industries to be involved in developing the MSMEs.

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