Latest news with #DepartmentofMicro
India Gazette
2 days ago
- Business
- India Gazette
"MP is fastest-growing economy, GSDP growth rate highest in last 10-12 years": Principal Secy Raghwendra Kumar Singh
Dubai [UAE], July 14 (ANI): Madhya Pradesh has emerged as a leading state in India's economic growth story, said Raghwendra Kumar Singh, Principal Secretary to Madhya Pradesh CM Mohan Yadav, adding that the state's growth rate of Gross State Domestic Product (GSDP) has increased significantly over the last 10-12 years. Raghwendra Kumar Singh is the Principal Secretary of the Department of Industrial Policy and Investment Promotion and the Department of Micro, Small and Medium Enterprises of Madhya Pradesh. 'India is the world's fastest-growing economy. If we leave Sikkim and other smaller states in India, MP is the fastest-growing economy (in India). The growth rate of the Gross State Domestic Product (GSDP) of Madhya Pradesh has increased the most in the entire country in the last 10-12 years,' said Singh. 'The CM Mohan Yadav has shown keen focus on industrial development and made a big contribution to this sector,' he added. Singh highlighted the concept of the Regional Industry Conclave, aimed at promoting coordinated development in Madhya Pradesh. 'Efforts are also being made to establish regional balance. The concept of Regional Industry Conclave has been worked on to ensure coordinated development in the whole of Madhya Pradesh,' he added. Currently, the MP CM is in Dubai for the Global Dialogue 2025. His official visit to Dubai in the UAE and to Spain is scheduled from July 13 to July 19. His visit aims to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities. Earlier in the day, the MP CM held an interactive session with the Madhya Pradesh diaspora in Dubai, where he emphasised that the Indian community abroad has been instrumental in spreading India's influence globally, like 'sugar in milk; they mix and give sweetness.' During the interactive session, CM Yadav said that the 'Indian community has always been like sugar in milk; they mix and give sweetness.' 'Our culture teaches us to stay connected to our roots wherever we are. This is what PM Modi calls 'Virasat Se Vikas,' he added. Further, CM Yadav expressed pride in PM Modi's efforts to address issues faced by Indians both within the country and abroad. 'Today, there is India's wave, and it is because of PM Modi... No matter where one wants to reach in the world, they have to go via India... Everyone tries to take a photo with PM Modi. It fills us with pride,' he said. 'We have seen under his leadership that he solves issues for his people, not just within the country but also for the Indian community abroad,' he added. CM Yadav's visit to Dubai included a tour of the Swaminarayan temple, which he described as 'the temple of God and India's trust.' (ANI)
Fashion Network
05-05-2025
- Business
- Fashion Network
SHG readymade garment unit launches in Tamil Nadu's Vannikonenthal
A new readymade garment manufacturing unit has been launched in Vannikonenthal in Tamil Nadu's Tirunelveli district by three women's self-help groups, following the success of a similar initiative in Alangulam in the southern state's Tenkasi district. The project in Alangulam, supported by the Department of Micro, Small, and Medium Enterprises, began in April with a Rs 1.15 crore investment and involved 20 SHG members, Apparel Resources India reported. The unit partnered with a major garment exporter based in the SIDCO Industrial Estate, Valliyoor, enabling the SHGs to access international markets. In addition to readymade garments, the Alangulam cluster also produces embroidery, patterns, and crafts, and handles processes such as cutting, stitching, ironing, and packaging. The facility currently provides direct employment to 80 women and indirect employment to over 200. The Vannikonenthal unit is designed to replicate the Alangulam model. The Department of Backward Class and Denotified Community Welfare has granted Rs 3 lakh each to three SHGs, each comprising ten women, to establish the new cluster. These groups have secured supply agreements with established garment exporters based in Rajapalayam and Srivilliputtur. Under the arrangement, SHG members will stitch garments using fabric and materials supplied by the export firms, with finished products returned to the companies for distribution. Payments will be transferred directly to the SHG members' bank accounts, based on the quantity and type of garments produced.
