JAMMU, Jan 10: CII organized J&K SME dialogue on credit rating and finance.
Sandesh Sharma, Joint Director, Industries and Commerce, Jammu said how the State Government is working on accelerating the SME growth in the State. He further added that the department is taking essential steps in ease of doing business parameters also.
Mohit, Assistant Director, MSME Jammu discussed various initiatives taken by the Ministry of MSME, Government of India for boosting the SMEs growth and requested the SMEs unit holders to avail the benefits of the schemes available for them.
Rishikesh Tamaskar, Deputy General Manager, Bombay Stock Exchange discussed the benefits of equity and Initial public offerings ( IPO) for SMEs in order to flourish across the globe. By quoting the examples of Infosys and TCS, he urged the SMEs of J&K to get them listed in the BSE for flourishing themselves at global level like the big organizations of our country.
Rupali Gupta, Senior Executive J&K Bank briefed the SMEs present in the dialogue about the various financial schemes provided by the J&K Bank in order to promote the growth of SMEs in the State and discussed the importance of credit rating for bagging loan from financial institutions.
While opening the session, Rajesh Sharma, Vice Chairman CII J&K State Council said that the main purpose behind organizing CII J&K SME Dialogue was to know about the importance of credit rating for SMEs in order to access finance from formal sources.
Rahul Sahai, Immediate Past Chairman, CII J&K State Council summed up the session by stating that such sessions are helpful in providing various useful inputs for the SMEs as the State GDP is majorly contributed by SME and also help in knowing the perspective of different sectors which ultimately help the industry in J&K to map itself at global level.
The session was attended by various industries from Kathua, Samba and Jammu.