{"id":87059,"date":"2025-03-17T23:35:27","date_gmt":"2025-03-17T18:05:27","guid":{"rendered":"https:\/\/www.khushalekashmir.com\/?p=87059"},"modified":"2025-03-17T23:35:27","modified_gmt":"2025-03-17T18:05:27","slug":"lieutenant-governor-addresses-indian-chamber-of-commerces-msme-conclave-2025-in-jammu","status":"publish","type":"post","link":"https:\/\/www.khushalekashmir.com\/index.php\/2025\/03\/17\/lieutenant-governor-addresses-indian-chamber-of-commerces-msme-conclave-2025-in-jammu\/","title":{"rendered":"Lieutenant Governor addresses Indian Chamber of Commerce’s MSME Conclave 2025 in Jammu"},"content":{"rendered":"

LG highlights the pivotal role of MSMEs in shaping the economy, driving country’s manufacturing sector growth and boosting Make in India initiative<\/strong>
\nWe have created entrepreneurial ecosystem in J&K to make it a preferred investment destination: LG Sinha<\/strong>
\nThousands of Units have become operational in past few years and we are determined to take MSMEs growth to a new level, a growth that is inclusive and sustainable: LG<\/strong>
\nGovernment of India is committed to extend all the possible support to facilitate J&K’s Industrial growth: Lieutenant Governor<\/strong>
\nLG also cautioned against making irresponsible statements that may shake investors\u2019 trust and confidence and create further hurdles in J&K\u2019s journey towards a prosperous future<\/strong>
\nWe have taken steps to address issues in a constructive manner and my aim is to establish J&K as a hub of entrepreneurial excellence and employment generation: LG Sinha<\/strong>
\nUnder the leadership of Hon’ble PM Shri Narendra Modi, the MSME sector has witnessed unprecedented growth and brought remarkable transformation to Indian economy: LG<\/strong>
\nMSMEs exports increased from Rs. 3.95 lakh crore in 2020-21 to Rs. 12.39 lakh crore in 2024-25. This number shows MSMEs are playing crucial role in strengthening global trade: LG<\/strong>
\nFor successful MSME ecosystem technology adoption, technology upgradation, innovation and skills development is the key: LG<\/strong>
\nIf we look at three important aspects of socio-economic growth, then MSMEs have proved to be our backbone on all three – employment generation, entrepreneurship promotion, and economic development. This year’s budget by the central government will give new hope and momentum to MSMEs: LG<\/strong>
\nJAMMU, MARCH 17: Lieutenant Governor Shri Manoj Sinha today addressed the MSME Conclave 2025, organised by Indian Chamber of Commerce, in Jammu.
\nIn his inaugural address, the Lieutenant Governor welcomed the Entrepreneurs, Bankers, Investors, Industry Leaders and Experts to explore the opportunities in the MSME sector and foster strategic collaborations during the conclave.
\nThe Lieutenant Governor highlighted the pivotal role played by the Micro, Small and Medium Enterprises (MSMEs) in shaping the economy, driving country’s manufacturing sector growth and boosting Make in India initiative.
\n\u201cUnder the leadership of Hon’ble Prime Minister Shri Narendra Modi, the MSME sector has witnessed unprecedented growth and brought remarkable transformation to the Indian economy. MSMEs exports increased from Rs. 3.95 lakh crore in 2020-21 to Rs. 12.39 lakh crore in 2024-25. This number shows MSMEs are playing crucial role in strengthening global trade.
\nIf we look at three important aspects of socio-economic growth, then MSMEs have proved to be our backbone on all three – employment generation, entrepreneurship promotion, and economic development. This year’s budget by the central government will give new hope and momentum to MSMEs,\u201d the Lieutenant Governor said.
\nThe Lieutenant Governor spoke on the key reforms in the MSME sector sweeping through the UT of Jammu Kashmir. He reiterated that the Government of India is committed to extend all the possible support to facilitate J&K’s Industrial growth.
\nThe Lieutenant Governor said, \u201cWe have created entrepreneurial ecosystem in J&K to make it a preferred investment destination. Thousands of Units have become operational in the past few years and we are determined to take MSMEs growth to a new level, a growth that is inclusive and sustainable.
\nFor successful MSME ecosystem technology adoption, technology upgradation, innovation and skills development is the key. We have taken steps to address issues in a constructive manner and my aim is to establish J&K as a hub of entrepreneurial excellence and employment generation\u201d.
\nHe said, the speedy economic reforms, accessible credit facility, improved ease of doing business, attractive incentives, world-class facilities, new Procurement and Startup Policies and many more such interventions have infused new hopes for the MSME sector of Jammu Kashmir.
\nThe Lieutenant Governor also cautioned against irresponsible statements that may shake investors\u2019 trust and confidence and create further hurdles in J&K\u2019s journey towards a prosperous future. He said that the Central Government has put in immense efforts for the industrial growth of J&K and this journey must continue without any hurdles for the benefit of people of the Union Territory.
\nThe Lieutenant Governor further laid special emphasis on scaling up the business and upgradation of Micro and Small units into Medium Enterprises.
\nHe called upon the policy makers, industry leaders and stakeholders to focus on important aspects like marketing, brand-building, infrastructure creation and availability of raw material. Apart from exports, MSMEs should also focus on PV Cells, EV Batteries and Electric Equipment for the domestic market, he added.
\nBig dreams of developed India are growing in small enterprises. Considering the export volume of MSMEs and its contribution of about 30% to GDP, the progress of this sector should be prioritized, the Lieutenant Governor said.
\nShri Vikramjit Singh, Commissioner Secretary, Industries and Commerce Department J&K; Shri Rahul Sahai, Chairman, IIC Jammu Chapter; Shri Debmalya Banerjee, Regional Director, Indian Chamber of Commerce; Dr Arun Kumar Manhas, Director, Industries & Commerce Department Jammu, senior officials, members of Indian Chamber of Commerce, young Entrepreneurs, Bankers, Investors, Industry Leaders and Experts were present.<\/p>\n","protected":false},"excerpt":{"rendered":"

LG highlights the pivotal role of MSMEs in shaping the economy, driving country’s manufacturing sector growth and boosting Make in India initiative We have created entrepreneurial ecosystem in J&K to make it a preferred investment destination: LG Sinha Thousands of Units have become operational in past few years and we are determined to take MSMEs […]<\/p>\n","protected":false},"author":2,"featured_media":87060,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-87059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu"],"_links":{"self":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/87059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/comments?post=87059"}],"version-history":[{"count":1,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/87059\/revisions"}],"predecessor-version":[{"id":87061,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/posts\/87059\/revisions\/87061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media\/87060"}],"wp:attachment":[{"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/media?parent=87059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/categories?post=87059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khushalekashmir.com\/index.php\/wp-json\/wp\/v2\/tags?post=87059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}