The Micro, Small and Medium Enterprises (MSMEs) in Chhattisgarh would be focusing on innovative startups to translate the ‘Make in India’ theme into action.

A group of high-powered panelists stressed for coming out with innovative ideas for business at the Business Baatein event organised by Business Standard and Chhattisgarh Laghu Evam Sahayak Udyog Sangh (CLSUS) in Bilaspur, about 150 kms from Raipur, Sunday evening.

The panelists included Dr G D Sharma, Vice Chancellor of Bilaspur University, Shekhar Shukla, Regional Manager of State Bank of India (SBI) and Harish Kedia, President of CLSUS.

“The industrial association should invite new business proposals and should announce prize for the best as it would bring out innovative ideas for startups,” Sharma said.

He added that a technology park should be set up that would create new ideas for industry. The industrialists should also patent the ideas and the government machineries should take the initiative for the same, Sharma said.

On financing by banks, Shukla said that it will not refrain to lend to good projects. “Come with good proposals and the banks would provide all backups for its implementation,” Shukla said.

The premature disindustrialisation was a matter of grave concern, he said, adding that the “Make in India” and startup initiatives would revive the MSMEs.

Referring to the crises in the industrial sector, Kedia said it was high time for setting up industry. “Since the price of major commodities had been reduced, one can set up a unit at 20% less cost,” he said, adding that new ideas for the industry were essential to compete in the sector.

He said Kosa, bell metal and handicrafts of Chhattisgarh remained unexplored at the National and International markets.

Source: Business Standard