Micro, small, and medium enterprises (MSMEs) play a crucial role in driving economic growth, particularly in regions like the eastern part of India. The recent ‘Future Ready to be Future Proof’ conference organized by the Confederation of Indian Industry (CII) shed light on the imperative for MSMEs to embrace future readiness. Here are key takeaways from the event:
1. MSMEs: Catalysts for Regional Development
MSMEs are the backbone of the economy, and their preparedness is pivotal for the growth and development of the eastern region. As highlighted by R Dinesh, President of CII, MSMEs must leverage innovation and digitalization to drive economic prosperity. The conference emphasized the need for MSMEs to lead in capacity building, skill development, and technology adoption to fuel regional growth.
2. Strategic Initiatives by CII
CII outlined strategic initiatives aimed at empowering MSMEs and fostering regional development. Plans include the establishment of specialized training centers to upskill the workforce and build capacity for future-ready jobs. Additionally, collaborative efforts with policymakers and stakeholders are underway. They aim to enhance logistics infrastructure and support sectoral growth, particularly in areas like minerals and healthcare.
3. Leadership and Collaboration
The conference also saw the announcement of key leadership roles within CII. This move signals a renewed commitment to driving MSME empowerment and regional development. With Suvendra Kumar Behera elected as the Chairman of CII Eastern Region Council and Shashwat Goenka as the Deputy Chairman, the organization is poised for collaborative efforts. These initiatives aim to empower MSMEs and shape the future of the eastern region.
The CII conference provided a platform to discuss the critical role of MSMEs in shaping the future of the eastern region. Embracing innovation, collaboration, and strategic initiatives were key topics. These discussions highlighted how MSMEs can adapt to the evolving business landscape. Moreover, they emphasized MSMEs’ potential to drive sustainable growth and development, ensuring a prosperous future for the region.