CICU celebrates International MSME Day with focus on growth and support

Ludhiana, June 27, 2024: The Chamber of Industrial & Commercial Undertakings, Ludhiana (CICU) today hosted a special event to mark International MSME Day, highlighting the vital role of micro, small, and medium-sized enterprises (MSMEs) in driving economic growth, innovation, and job creation.

The event, held at CICU Focal Point Complex, brought together industry leaders, policymakers, and financial institutions to discuss strategies for supporting MSMEs and advancing the 2030 Agenda for Sustainable Development.

The keynote address was delivered by Ishita Thaman, Deputy Director of MSME, Ludhiana, who emphasized the significant contribution of MSMEs to India's GDP and highlighted the government's commitment to fostering their growth.  The Deputy Director provided valuable insights into various government schemes designed to empower MSMEs, including CGTMSE.

CICU President, Upkar Singh Ahuja, welcomed the attendees and emphasized the importance of collaboration between stakeholders to create a supportive ecosystem for MSMEs. "MSMEs are the backbone of our economy, and their success is crucial for overall economic prosperity," said Ahuja. "CICU is committed to working with government agencies, financial institutions, and large companies to provide MSMEs with the resources and support they need to thrive."

The event also featured a panel discussion on the challenges and opportunities facing MSMEs in the current economic climate.  Panelists included J. S. Bhogal, Honey Sethi, Dr. S.B. Singh etc, who shared their perspectives on issues such as access to finance, technology adoption, and market access.

The event concluded with a networking session, providing attendees with an opportunity to connect with each other and explore potential collaborations.