PM’s Task Force reviews the working of MSMEsSeptember 26th, 2009 - 1:29 am ICT by ANI
New Delhi, Sep 25 (ANI): Against the backdrop of the Government’s efforts to continue its endeavour for stepped up economic growth, Prime Minister’s Task Force on Micro, Small and Medium Enterprises held its first meeting in the capital today to review the working of MSMEs.
T.K.A. Nair, Principal Secretary to Prime Minister Manmohan Singh, chaired the meeting.
After MSME Associations had apprised him of issues facing the sector in August 2009, Dr. Singh had set up a Task Force headed by his Principal Secretary, with Member Planning Commission, Finance Secretary, Secretary MSME, Secretary Labour, Deputy Governor RBI, CMD SIDBI, and Development Commissioner MSME, and five representatives of MSME Associations as Members.
MSME associations include Association of Lady Entrepreneurs of Andhra Pradesh, Indian Industries Association, Federation of Tiny & Small Industries of India, Federation of Industries and Commerce of North Eastern Region, and Industrial and Financial Reconstruction Association for Small and Tiny Enterprises.
The composition of the Task Force addresses the core issues raised by MSME bodies, including stepping up credit, simplifying laws for conducting company affairs, skill upgradation, and infrastructure improvement.
The first meeting of the Task Force was held today, and it also invited Secretary, Corporate Affairs and Chairman SBI to the meeting. The Task Force reviewed the problems faced by the MSMEs across the spectrum in all areas of operation.
The Task Force has set up seven sub-groups in the areas of credit, marketing, labour relations, Insolvency and Exit Policy, taxation issues, infrastructure including technology/skill development and special issues of NE/J&K. These sub-groups will submit their recommendations in a month’s time.
Prime Minister has directed that the Task Force will give its report within three months. The recommendations are expected to ameliorate the problems of the MSMEs and enhance their competitiveness and growth potential. (ANI)
- PM's task force reviews problems of small industries - Sep 25, 2009
- MSMEs play a pivotal role in nation's development: Virbhadra Singh - Apr 06, 2011
- High credit and raw material costs affecting small firms: CII - Jun 20, 2010
- Government approves mandatory procurement policy from SMEs - Nov 01, 2011
- SIDBI may achieve 21 percent credit growth by March-end - Feb 10, 2012
- 'Rate hikes playing havoc with SMEs' - Oct 25, 2011
- SIDBI to be first to raise funds through ECB - Aug 27, 2012
- New plan to help unregistered MSMEs: FISME - May 16, 2012
- IITs, IIMs to help MSMEs improve managerial skills - Apr 26, 2012
- Business confidence declined: CII survey - Jan 29, 2012
- Virbhadra Singh meets Mozambique Trade Minister - Mar 30, 2011
- Bengal favours credit cards for MSMEs - Sep 14, 2011
- Problems of Bengal small/medium industries being probed: Minister - Jul 11, 2011
- Small and medium industries complain of neglect in UP - Feb 06, 2012
- 50 innovation clusters to help MSMEs: Pitroda - Mar 28, 2012
Tags: company affairs, core issues, credit marketing, deputy governor, development commissioner, dr singh, finance secretary, including technology, infrastructure improvement, labour relations, manmohan, manmohan singh, prime minister manmohan, prime minister manmohan singh, principal secretary, sidbi, small and medium enterprises, taxation issues, technology skill development, upgradation