Jharkhand Industrial and Investment Policy (JIPP) to boost entrepreneurial dynamism and competitiveness to spur MSMEs growth

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The PHD MSME Committee and Jharkhand State Chapter of the Chamber organized a “Virtual Conference on Unleashing MSME Potential in Jharkhand” in Association with SIDBI & Supported by FJCCI.

Mr. Saurabh Sanyal, Secretary General, PHDCCI in his welcome address highlighted the challenges faced by MSMEs despite contributing significantly to the economy. Challenges like infrastructure bottle necks, constraints in technology adoption, high logistics cost and lack of access to credit have been further compounded for the MSMEs due to the Covid 19 pandemic, pointed out  Mr. Sanyal. He underlined that non availability of adequate and timely credit is a serious problem which the MSMEs are facing currently. To address these liquidity problems, credit support has been announced by the Government through the Atmanirbhar package. Lastly, he talked about the schemes launched by SIDBI which facilitate funding for production and services related to supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs.

Mr. H P Kumar, Former CMD, NSIC & Advisor MSMEs PHD Chamber shared the difficulties and challenges faced by the MSMEs. He talked about the industry perspective of the MSME Sector and briefed about salient features of the Jharkhand Industrial and Investment Policy (JIPP) which is quite favourable for MSMEs’ growth  and to  attract more investment in the state

Mr. Vishal Chaudhary, Chairman, Jharkhand State Chapter, PHD Chamber delivered the formal vote of thanks, where he expressed his gratitude to the eminent dignitaries. The overall program was moderated by Dr Yogesh Srivastav, Assistant Secretary General, PHDCCI and was well attended by MSMEs, business fraternity, startups and aspiring entrepreneurs. 

PHDCCI’s webinar was supported by DLF India; Multani Pharmaceuticals; UFLEX; JK Tyre & Industries; Marble City; Paramount Cables; SMC Investments and Advisors; Blossom Kochhar Aroma Magic; Comtech Interio; DCM Shriram Industries; Radico Khaitan; R.E. Rogers India; Ajit Industries; Synergy Environics; Timberworkz; Jindal Stainless; P S Bedi & Co; IFFCO and Hindware. 

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