Stressing that ‘Make in UP’ cannot happen without special push for MSME Sector, IIA submitted a “White Paper on MSME Policy in UP” to the Principal Secretary MSME & Export Promotion.

 

IIA recently concluded a study on the Industrial Investment and Employment Policy of Uttar Pradesh-2017 and found that the policy is more inclined towards large scale investment and Industries rather than the Small Scale Industries.

 

“It is a fact that bulk of the employment is generated in Micro, Small & Medium Enterprises (MSME’s) rather than Large Scale Industries. Contribution of MSME sector is also almost equivalent to large scale sector in terms of manufacturing output and exports in the state,” IIA said.

 

Hence MSME Sector is required to be given more attention compared to Large Scale Sector which is missing in the current policy announced on 4th July 2017, said Sunil Vaish in a meeting with Principal Secretary MSME & Export promotion UP.

 

IIA has therefore demanded a separate “MSME Development Policy” in Uttar Pradesh, Vaish added.

 

As per Annual Report of Ministry of MSME Government of India, 52,38,568 MSME establishments exists in Uttar Pradesh giving employment to 1,13,96,965 persons.

 

Assuming an average family size of 5 persons, MSME sector in UP is feeding 5.7 crore population which is more than 1/4th of the total population of the state. As such MSME sector forms the backbone of economic progress and overall development of the state, highlighted the White Paper.

 

 It also noted that the UP’s contribution to the national economy is 8.4% which is half of its share in total population which is 16.5%.

 

IIA proposed that the contribution of Uttar Pradesh to National economy should be at par with the share in population.

 

The paper noted that the MSME sector in UP has tremendous scope for improvement and the development of MSME’s will greatly contribute to bridge the gap.