THE Assam Government will soon announce a separate policy for Small and Medium enterprises(SMES) in an effort to boost the economy of the State. Chief Minister Tarun Gogoi has said the SMES are key drivers of the Indian economy accounting for 20 million jobs and 95 per cent of all industrial units in the country. The State Government has decided to adopt a seperate industrial policy for these sectors to enhance its competitiveness both nationally and globally. These sectors are the backbone of a growing economy as it creates jobs, income and assets and also constitute the entrepreneurial hub of an economy, he said. The policy package will have incentives like easier access to credit, availability of loans, capital subsidy for technology upgrdation and improved infras tructure. Mr Gogoi said in the wake of liberalisation and globalisation of the economy the Indian Industry  has to counter the challenges posed by foreign products flooding the economy by adopting latest technology.

Attributing the success of the small and medium enterprises to technology upgradation and improved infrastructures, Mr Gogoi said that for an industry, be it small or big, to hold on its own has to be extremely adaptive and respond promptly to changing market needs. Mr Gogoi said his government has accorded top priority to the development of these sectors. He said the government has initiated all measures aimed at reviving the sick Public Sector Units (PSUs).

| Assam | North East Enquirer (Headlines) | Nena Home Page |