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Bengal MSMEs urged to power defence manufacturing push, Manufacturing News, ET Manufacturing

Bengal MSMEs urged to power defence manufacturing push, Manufacturing News, ET Manufacturing

Time of India20 hours ago

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The MSME sector can play a pivotal role in boosting productions for the defence sector in the coming days, a senior state government official said here on Saturday and urged companies to pitch for MSME units in West Bengal Speaking at the Defence MSME Manufacturing Forum meeting, organised by the Indian Chamber of Commerce here, the Principal Secretary, Department of Micro, Small and Medium Enterprises (MSME) and Textiles Rajesh Pandey, said there are 90 lakh MSMEs in the state."We call upon you all to make a strong pitch for Bengal. There are 90 lakh MSME units in the state. West Bengal boasts one of the largest leather parks in the country. While a Rubber Park is coming up, several industrial parks are already in the state," he said.Ninety-nine per cent of MSME sectors are micro units, and the sector can play a pivotal role in giving a boost to productions for the defence sector in the coming days, he said."The Ministry of Defence took a policy decision that the MSME sector would participate in the defence sector in a big way, including start-ups, and this has given the state's MSME sector a huge opportunity to manufacture a wide range of defence products, including specialised equipment and participate in research and development activities," he said.Pandey invited across-the-table interactions between state officials, those seeking to invest in the defence sector and experts in the field to gauge what they want from the government could be of help - incentives and infrastructure facilities."We need to know the project proposals and in what way they can be of use," he said.He said the state has emphasised new projects and commissioning of projects, and a high-powered committee sits every 15 days to monitor the projects.Senior officials from GRSE, Bharat Dynamics Ltd, Hindustan Aeronautics Ltd, Aerospace Engineers Pvt Ltd, and Titagarh Rail Systems Limited were present at the discussion, among others.

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He said, 'It is a big honour to have Prime Minister Narendra Modi here in have been investing in India for the last 10-15 basis of our investment is the quality of the people, the quality of the skills that we find in India and it is definitely a place to invest for the future on global investments... We are happy to be in India and I told the Prime Minister I love India. I love the people of India and Indian food. I will be in India for a week at the end of this month.' Savvides said that the foundation was laid between India and Cyprus for increased cooperation with the exchange of MoUs. He said, 'The foundations have been laid today for the new cooperation between our two have the honour and the pleasure of hosting your Prime Minister today, which shows the importance and is due to the efforts of our President Nikos Christodoulides, who is creating the opportunities for such events... We are very proud to be in this event and we are very proud to see our collaboration extending further into new areas.' President of the Bombay Chamber of Commerce and Industry and also serves as the Chief Financial Officer (CFO) for Aditya Birla Capital Limited, Pinky Mehta told ANI, 'We (Bombay Chamber of Commerce) have signed an MoU with the Cyprus Chamber of Commerce and Industries to promote the trade and investment between both the countries. PM Modi is keen to promote trade between these two countries.' Fokion C Karavias, CEO of Eurobank highlighted the potential for business cooperation between India and Cyprus, citing the bank's MoU with the National Payments Corporation of India (NPCI) to bring UPI payments to Cyprus and Greece. He said, 'We are very excited with the visit of Prime Minister Narendra Modi here in Cyprus. This is an excellent opportunity to promote further business between the two offers a number of opportunities for Indian companies. We have established a Business Council together with the Indian Chamber of Commerce to promote this idea, and as a bank, we have also signed an MoU with National Payments Corporation of India (NPCI) to bring UPI payments to Cyprus and also to Greece. So overall we believe there is plenty of opportunity for business.' Ashish Kumar Chauhan, MD & CEO of the National Stock Exchange (NSE) said, 'Today, under the leadership of PM Narendra Modi, several MoUs have been signed between Indian businesses and Cypriot businesses. One of the most important MoUs was signed between NSE International Exchange at GIFT City, Gandhinagar, which is India's face to the world, and Cyprus Stock Exchange, to do dual listing as well as research and outreach programmes on various financial instruments to create collaboration between European companies and GIFT City, Gandhinagar. This is going to open a new chapter in Cyprus-India relations going forward.' 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Ajay Popat, President of Ion Exchange India Ltd said, '...It was fantastic to be invited here and interact with our Prime Minister, Narendra Modi and the purpose for me being here is to solve the problems of water in Cyprus. The situation Cyprus is facing is very have faced three successive droughts. The dam which stores water, is now at just 25 per cent capacity and we want to extend our technologies and our experience to convert seawater into portable water and also convert the municipal sewage which is generated by the community, into reusable forward to interacting with all the stakeholders related to water in Cyprus through this event...' PM Modi is visiting Cyprus from June 15-16, at the invitation of President Nikos Christodoulides, the first by an Indian prime minister in over 20 years. (ANI)

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