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Kerala Emerging as Hub of MSMEs in the Country: CM Oommen Chandy

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Bangalore: Kerala Chief Minister Oommen Chandy recently said the government will adopt 'pro-active' approach in resolving challenges facing the MSME sector, and looks forward to the state becoming the country's hub for small and medium industry.

Inaugurating the 'India MSME Summit 2012', Chandy said he looks forward to the support of the small and medium sector for transforming the state into India's MSME hub.

Describing the MSMEs in Kerala as a silver lining for the state, he said the government believed firmly that enhanced standards in quality, and promotion - aided by the right government policies - will help the sector gallop forward.

Tom Jose, Managing Director, Kerala State Industrial Development Corporation, stressed on the vital role and contribution of MSMEs in employment generation and also the economic viability and stability they bring to the economy.

The summit is a part of series of initiatives being taken by the State Government to boost development.

V K Mathews, Chairman, CII Kerala & Executive Chairman, The IBS Group, said more than 25 per cent of the whole country was directly or indirectly dependent on MSMEs.

Shyam Srinivasan, Managing Director & CEO of Federal Bank, described MSMEs as innovation engines for Corporate India. P Nandakumaran, Managing Director, State Bank of Travancore, appreciated the state government for introducing MSME friendly initiatives to boost growth and expansion of MSMEs in the state. The Summit and the exhibition was attended by some 450 delegates.

The Confederation of Indian Industry in association with Department of Industries, Government of Kerala, organised the summit -- 'Growth, Opportunities & Challenges.'

Source: PTI
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