Crescent Kashmir

Potential of growth

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Recently LG Manoj Sinha inaugurated the 9th India International MSME Expo and Summit 2023 in New Delhi

In his address he said that the Districts like Shopian, Pulwama, Anantnag, Baramulla, Kulgam, Bandipora are recording unprecedented growth of micro and small units. The number of new enterprises in small towns is growing faster and realizing the dreams of new entrepreneurs, he added.

He underscored the important role of Small and Medium Enterprises in skilling of youth, promotion of One District One Product (ODOP) and handicraft and handloom sector in the UT of J&K.

Micro & Small enterprises have also become a powerful medium for socio-economic change for women entrepreneurs. Today, more than 74,000 SMEs are being run by women in Jammu and Kashmir.

He invited the industry leaders and the potential investors to invest in Jammu & Kashmir. New industrial development policy offers greater incentives, support for expansion and opportunity to explore emerging possibilities in Tourism, Information Technology Enabled Services, Agriculture & Allied Sectors, he said.

For the promotion of Micro, Small & Medium Enterprises, the UT Administration had also taken an important decision and increased the total procurement of Government Departments and Public Sector Undertakings from MSMEs to 25 percent.

He launched the One District One Product (ODOP) Box of J&K UT. He said, all the districts of J&K are being developed as export hubs and efforts are being made to take the One District One Product Box launched to the global market.

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