JAMMU, Apr 27: Out of total 33 awards presented today by Council of State Industrial Development and Investment Corporations of India (COSIDICI) to encourage progressive industrial initiatives taken all across the nation, 10 awards went to various progressive industrial ventures of the J&K State itself including Uflex, Swift Scales & Systems, SUS Agro, Shankar Plastics, Saraswati PI, Kanwal Spices, etc.
The award ceremony was held here tonight in which the awards to well-performing units from different parts of the nation, was distributed by J&K Minister for Industries and Commerce Department, Chander Prakash Ganga.
The award ceremony began with an impressive inaugural address by MD, J&K SIDCO, Amit Sharma, who happens to be COSIDICI Vice-President, in which he mentioned that the role of micro, small and medium enterprises has been recognized beyond doubt as the engines of economic growth who serve the twin objectives of growth with equity and inclusion.
This was followed by a detailed address by P Joy Oommen, COSIDICI President, in which he elaborated about the roles and objectives of setting-up this organization.
In his presidential address, Chander Prakash Ganga mentioned that State Government has come-up with lot of innovative plans for promoting MSMEs in J&K in the New Industrial Policy 2016 as they lead not only towards generating/creating employment in State but also contribute towards bringing wealth to State and overall GDP growth. He also appreciated the role of J&K SIDCO in taking industrialization to new heights in the State under the leadership of present Managing Director Amit Sharma.
The function concluded with vote of thanks by V S Rathore, COSIDICI General Secretary.