4 days ago
MSMEs leading way in economic growth: Guv
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Guwahati: Assam governor Lakshman Prasad Acharya on Friday called the micro, small, and medium enterprises (MSMEs) sector the backbone of the economy after agriculture, emphasising its importance in India's economic journey.
Speaking at the North East MSME Conclave 2025 held at NEDFi House in Guwahati, which was organised by the Confederation of Indian Industry (CII), Acharya hailed the northeast as a "priceless treasure", rich in biodiversity, natural resources, and traditional industries. "The region's unique products like bamboo, tea, silk, and handlooms have the potential to become global assets through the power of MSMEs," he said.
The governor also reiterated Assam's strategic role as the "Gateway to the East" under India's Act East Policy. "This opportunity must be seized, with MSMEs playing a leading role in building bridges of trade, innovation, and cultural exchange," he said.
He also asked the industry leaders, for greater investment in the northesat, enhanced youth training, skill upgradation, access and reach to global market for local products.
by Taboola
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The governor urged the participants to make the most of the conclave by engaging in meaningful dialogue and collaboration. "The success of this conclave will send a message of hope, prosperity, and transformation for generations to come," he said.
Recalling India's historical economic strength, he said the country once contributed nearly 27% to the global GDP before colonialism led to the decline of local industries. "While large industries received attention post-independence, MSMEs were ignored for decades," he said, crediting PM Narendra Modi's leadership for revitalising the sector through key initiatives like Mudra Yojana and Udyog Sathi App.
The conclave saw participation from stakeholders across the region, including former CII-NE Council Chairman SK Baruah, NABARD CGM Loken Das, PNB ED D. Surendran, and CII member Gopi More.
