Bengal Summit Highlights MSMEs for Employment Growth
ECONOMY & POLICY

Bengal Summit Highlights MSMEs for Employment Growth

In a strategic move to fortify employment prospects, Mamata Banerjee announced that the 7th edition of the Bengal Global Business Summit (BGBS) will shine a spotlight on micro, small, and medium enterprises (MSMEs). The summit, scheduled for November 21 and 22, underscores the pivotal role of MSMEs in generating job opportunities.

Banerjee, while inaugurating a handicraft exhibition at Milan Mela, highlighted the significant employment contribution of the MSME sector compared to larger industries like cement production units. This focus aligns with her vision of channelling investments into MSMEs to enhance job creation.

The Chief Minister emphasised her government's commitment to support MSME investment through various incentives. She announced plans to provide land for exhibition units to weavers and unveiled facilities for the sector. The administration aims to provide identity cards to MSME investors to mitigate unnecessary hassles.

Additionally, private industrial parks will receive government approval, strengthening the MSME sector. Initiatives like the Bhabishyat Credit Card, offering soft loans up to Rs 0.5 million with a government subsidy of Rs 25,000, have garnered substantial interest.

Banerjee's choice to bolster the MSME sector is strategic, aiming to address employment challenges ahead of the 2024 Lok Sabha polls and the 2026 Assembly elections. With more than 20 per cent of public concerns revolving around employment, promoting the MSME sector resonates as a proactive solution.

As Bengal's endeavours to attract larger investments face challenges, focusing on its renowned handicrafts appears to be a prudent step. Banerjee's emphasis on leveraging the state's expertise in leather products, handlooms, bamboo crafts, and dokra items demonstrates a commitment to harnessing local talent for employment creation.

By directing attention to the MSME sector, Banerjee aims to not only fuel economic growth but also address the pressing employment needs of the state, underscoring the sector's potential to redefine Bengal's economic landscape.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

In a strategic move to fortify employment prospects, Mamata Banerjee announced that the 7th edition of the Bengal Global Business Summit (BGBS) will shine a spotlight on micro, small, and medium enterprises (MSMEs). The summit, scheduled for November 21 and 22, underscores the pivotal role of MSMEs in generating job opportunities.Banerjee, while inaugurating a handicraft exhibition at Milan Mela, highlighted the significant employment contribution of the MSME sector compared to larger industries like cement production units. This focus aligns with her vision of channelling investments into MSMEs to enhance job creation.The Chief Minister emphasised her government's commitment to support MSME investment through various incentives. She announced plans to provide land for exhibition units to weavers and unveiled facilities for the sector. The administration aims to provide identity cards to MSME investors to mitigate unnecessary hassles.Additionally, private industrial parks will receive government approval, strengthening the MSME sector. Initiatives like the Bhabishyat Credit Card, offering soft loans up to Rs 0.5 million with a government subsidy of Rs 25,000, have garnered substantial interest.Banerjee's choice to bolster the MSME sector is strategic, aiming to address employment challenges ahead of the 2024 Lok Sabha polls and the 2026 Assembly elections. With more than 20 per cent of public concerns revolving around employment, promoting the MSME sector resonates as a proactive solution.As Bengal's endeavours to attract larger investments face challenges, focusing on its renowned handicrafts appears to be a prudent step. Banerjee's emphasis on leveraging the state's expertise in leather products, handlooms, bamboo crafts, and dokra items demonstrates a commitment to harnessing local talent for employment creation.By directing attention to the MSME sector, Banerjee aims to not only fuel economic growth but also address the pressing employment needs of the state, underscoring the sector's potential to redefine Bengal's economic landscape.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000