Robust growth in MSME sector, Shri P K Kunhalikutty

Industries and IT Minister launches Machinery Expo 2016 logo

 


Thiuvananthapuram, November 30: The Micro, Small and Medium Enterprises (MSME) in the state has seen an encouraging and robust growth in spite of the global economic crisis, said Industries and IT Minister Shri P K Kunhalikutty at the logo launch of the upcoming Machinery Expo.

The Kerala Machinery Expo 2016 aims to bring technology and machinery from around the country to upgrade facilities and improve productivity among new and established Micro, Small and Medium Enterprises (MSME) in the state.

Shri Kunhalikutty unveiled the logo with the slogan “Manufacturing Solutions for Make-in-Kerala” at a function in the capital’s Mascot Hotel today. “There has been a healthy turnaround in the attitude that you cannot start an enterprise in Kerala,” said the minister. “There are lots of success stories, and though the textile and cashew industries survive on government support, this sector has seen good growth.”

Organised by the Department of Industries & Commerce, the Expo will be held at the ADLUX Convention Centre in Angamali, Ernakulam, from January 27 to 30. It will be a one-stop destination to display technologies and solutions to further boost the state’s MSME sector, which has shown stable growth.

The machinery exhibition will feature exhibitors from catering to various industrial sectors, including food processing, garments, rubber & plastics, wood-based industries, Ayurveda & Herbal, Electrical & electronics, handicrafts, handloom & textiles, printing & packaging, general engineering and automobile servicing.

While there have been similar exhibitions at the district level, this is the first state-level machinery expo. It will feature 125 stalls at the fully air-conditioned exhibition centre, and the 3mx3m stalls—which can be rented for Rs 10,000—will be equipped with uninterrupted power and other facilities. Exhibitors can register via www.machineryexpokerala.com.

The Expo will provide an opportunity for new and established businesses, students and experts in the field to communicate and interact.

“MSME, which are mainly one-man management set-ups find it difficult to travel to find the right equipment; this expo brings technology and equipment to the doorstep of the entrepreneurs in the state,” said Industries Principal Secretary Shri P H Kurian. “It is important to have the necessary technology in today’s competitive environment. We are making a start this time with national machinery manufacturers and distributors. Next time, we hope to bring international equipment.”

The state has recorded consistent growth in the MSME sector with a 15 per cent increase of 13,043 units in 2012-13 to 14,997 units in 2013-14. This has shown a further 3 per cent upward trend in 2014-15, with a total of 15,455 units. This has seen a subsequent increase in investment from 20 per cent increase in 2013-14 to 17 per cent rise this year. While employment rates saw an increase of 7 per cent in 2013-14, there has been a 19 per cent rise in 2014-15, with 83,515 jobs generated.

The MSME sector, significant for capacitating inclusive growth, has been a significant generator of employment in the state with 33.2 lakh jobs, putting it ahead of any other state in the country.

The state has an exemplary record in the MSME cluster development programme with projects worth Rs 34.2 crore via eight commissioned projects receiving approval. Apart from this six MSME projects worth Rs 51.66 crore, undertaken with Central assistance, has also been approved.

Also present at the function were Director of Industries & Commerce Shri P M Francis, Kerala Small Scale Industries Association State President Shri K P Ramachandran Nair and Handloom & Textiles Director Shri Sam C Ittycheria.

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