Haridwar, 16 Nov: “The MSME sector is the backbone of the Indian Economy and holds immense potential to work with large PSUs including the Indian Railways,” said Mukesh Goyal, Vice Chairman, CII Uttarakhand State Council, and Plant Head, Hero MotoCorp Ltd, while delivering his address at the Special Plenary on Business Opportunities with Indian Railways for MSMEs in Uttarakhand. The programme was organised with the objective of bringing together RDSO, MSME Industry, Financial Institutions, and other shareholders to deliberate and discuss upon the business opportunities with Indian Railways. Goyal also shared that MSMEs were providing employment to a significant population spread across rural, urban and semi-urban areas. The sector had the potential to support the economy and strengthen the supply of products to PSUs and Central and State Government Organisations.
The Confederation of Indian Industry (CII) Uttarakhand organised a one day vendor development programme, here, today. The Programme was conducted in association with Research Designs and Standards Organisation (RDSO), Ministry of Railways and The National Small Industries Corporation Limited (NSIC).
Bipen Gupta, Convener, Panel of MSME, CII Uttarakhand State Council, and Director, GB Springs, shared that MSME units were already operating in the state in large number and it was important to link them with Indian Railways and other large PSUs for their growth and development. He shared that Northern States had traditionally been home for entrepreneurship and looking at the contribution of Northern Region to the Indian economy, the Region’s share in the National GDP stood at around 26 per cent and a sizeable portion of this pertained to the contribution of the MSMEs. It was therefore important to develop and promote the MSMEs to infuse a bottom-up paradigm of development as almost 95.58% of these organisations were recorded as micro enterprises and 51% were reported to be in rural areas. MSMEs in India contributed 28.77 % to national GDP, 6.11% to India’s manufacturing GDP, 24.63% to Service GDP, and 40% to exports.
Virendra Kumar Yadav, Director – Quality Assurance (M), RDSO, briefed participants about the business opportunities for MSME units with Indian Railways, their Vendor Registration Process and explained IREPS: Indian Railway e-procurement system – which related to the tendering process and guided the industries about how they can participate in railways procurement system. Santosh Kumar Verma, Director – Stores, RDSO, and Nilabh Mahesh, Director QA – Signalling & Telecommunication, RDSO, were also present during the programme.
SC Nautiyal, Director, Industries, Uttarakhand, was the Chief Guest on the occasion. During his address at the Special Plenary on Business Opportunities with Indian Railways for MSMEs, he shared that such programme gave a good platform for the MSME units to connect, network and explore business opportunities. He also appreciated that CII in the past also engaged in the developing of MSMEs in Uttarakhand. He further shared that given the numbers of MSME units operating in Uttarakhand, other State and Central PSUs should also hold their Vendor Development Programmes here, which would benefit not only the MSMEs operating in Uttarakhand but also help in creating employment.
The programme witnessed the participation of more than 60 participants from across Uttarakhand who are actively looking to become vendors to Indian Railways.