SEZs should strive to encourage MSME sector: Official

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Hyderabad, Sep 19 (UNI) Andhra Principal Secretary (Industries) B Sam Bob today said Special Economic Zones (SEZs) should encourage micro, small and medium enterprises (MSMEs) to set up ancillary units around them.

Delivering the inaugural address at the one-day MSME Forum, organized by the CII here, he said of the 40 SEZs coming up across the State could play a significant role in the promotion of MSMEs by providing greater opportunities for them to grow.

Noting that the Credit Guarantee Scheme of the bankers had not been very successful, he urged them to be more sympathetic towards the sick MSMEs, thereby providing opportunities for their revival.

''The bankers must also take and share greater risks on the loans they extend to the MSMEs to ensure the success of this particular sector,'' he said in a release here.

Mr Bob urged the CII to partner with the state government for reaching out to the MSMEs in the Tier II and III cities.

CII National MSME Council Chairman Ramesh Datla said the CII plans to set up a one-stop Portal for the MSMEs by the end of this year for providing a platform for them to enable sharing of knowledge and best practices in the industry.

He said the CII was not just for the large and medium companies, but also for MSMEs as more than 80 per cent of the CII members were from this group.

Outlining the significant role being played by the MSMEs for the economic growth of the country, Andhra Bank Executive Director Anil Girotra said, ''the MSMEs actually account for more than 40 per cent of the country's exports, and 45 per of the total industrial production.'' He said about 95 per cent of the jobs in the industrial sector was being provided by around 32 lakh industrial units in the MSME sector.

UNI VA ROY SS1902

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