LG Manoj Sinha addresses Indian Chamber of Commerce’s MSME Conclave 2025 in Jammu

“We have created entrepreneurial ecosystem in J&K to make it a preferred investment destination.”

STC NEWS DESK
JAMMU, MARCH 17 (STC): Lieutenant Governor (LG) Manoj Sinha today reiterated that the commitment of Government of India to extend all the possible support to facilitate J&K’s Industrial growth. He said entrepreneurial ecosystem has been created in J&K to make it a preferred investment destination. He stated that thousands of Units have become operational in the past few years and the J&K government is determined to take MSMEs growth to a new level, a growth that is inclusive and sustainable.
The LG was addressing the MSME Conclave 2025, organised by Indian Chamber of Commerce, in Jammu. The Lieutenant Governor spoke on the key reforms in the MSME sector sweeping through the UT of Jammu Kashmir.
He welcomed the entrepreneurs, bankers, investors, industry leaders and experts to explore the opportunities in the MSME sector and foster strategic collaborations during the conclave.
“For successful MSME ecosystem technology adoption, technology upgradation, innovation and skills development is the key. We have taken steps to address issues in a constructive manner and my aim is to establish J&K as a hub of entrepreneurial excellence and employment generation,” he said in his insugural address.
He said, the speedy economic reforms, accessible credit facility, improved ease of doing business, attractive incentives, world-class facilities, new Procurement and Startup Policies and many more such interventions have infused new hopes for the MSME sector of Jammu Kashmir.
The Lieutenant Governor also cautioned against irresponsible statements that may shake investors’ trust and confidence and create further hurdles in J&K’s journey towards a prosperous future. He said that the Central Government has put in immense efforts for the industrial growth of J&K and this journey must continue without any hurdles for the benefit of people of the Union Territory.
The Lieutenant Governor further laid special emphasis on scaling up the business and upgradation of Micro and Small units into Medium Enterprises.
He called upon the policy makers, industry leaders and stakeholders to focus on important aspects like marketing, brand-building, infrastructure creation and availability of raw material. Apart from exports, MSMEs should also focus on PV Cells, EV Batteries and Electric Equipment for the domestic market, he added.
Big dreams of developed India are growing in small enterprises. Considering the export volume of MSMEs and its contribution of about 30% to GDP, the progress of this sector should be prioritized, the Lieutenant Governor said.
He highlighted the pivotal role played by the Micro, Small and Medium Enterprises (MSMEs) in shaping the economy, driving country’s manufacturing sector growth and boosting Make in India initiative.
“Under the leadership of Hon’ble Prime Minister Shri Narendra Modi, the MSME sector has witnessed unprecedented growth and brought remarkable transformation to the Indian economy. MSMEs exports increased from Rs. 3.95 lakh crore in 2020-21 to Rs. 12.39 lakh crore in 2024-25. This number shows MSMEs are playing crucial role in strengthening global trade.
If we look at three important aspects of socio-economic growth, then MSMEs have proved to be our backbone on all three – employment generation, entrepreneurship promotion, and economic development. This year’s budget by the central government will give new hope and momentum to MSMEs,” the Lieutenant Governor said. (STC)