Thursday, November 27, 2014: The Gujarat government is set to announce new policies for the MSME sector and the start up businesses, according to Finance Minister Saurabh Patel. The announcement arrived soon after the state had declared its Electronics policy, IT policy and e-Governance policy.
When asked about the strategy adopted by the state government to boost MSME (Micro, Small and Medium Enterprises) in Gujarat, Patel said, “Just wait for some time, Gujarat government will announce a new policy for MSME sector soon.”
The minister reiterated that the government is working on to prepare a separate policy for the development of start-up businesses. He said, “We are also mulling over a new ‘start-up policy’ to encourage and support new innovations. We have invited suggestions from experts in this field to find out ways to help young entrepreneurs in the state.”
While talking about the industrial exhibition, organised by Vadodara Chamber of Commerce & Industry (VCCI) starting from 27 November to 1 December, in Vadodara, he noted that the expo will also give an immense opportunity to the young innovators from SME and MSME sectors
He told, “The exhibition will have 600 stalls of different sectors, such as engineering and machine tools. For the first time, we have also given space to 115 innovations, selected from several entries after scrutiny. In coming days, we are planning to organise such exhibitions in other cities ahead of Vibrant Summit-2015.”
