7 months ago
2
Highlighting the value of Micro, Small and Medium Enterprises (MSME) successful economical maturation and occupation creation, Puducherry Lieutenant Governor K. Kailashnathan connected Thursday (October 30, 2025) said the territorial medication remained afloat committed to the imaginativeness of MSME empowerment and export growth.
Addressing a two-day Reverse Buyer-Seller meet, jointly organised by Federation of Indian Export Organisation (FIEO), a portion nether the Ministry of Commerce and Puducherry Industrial Promotion Development and Investment Corporation Limited here, the Lt. Governor said the Puducherry authorities aimed to instrumentality the portion beyond its presumption arsenic a sought-after tourer destination and crook it into a vibrant export hub successful South India, known for quality, reliability, and innovation.
Pointing retired that the MSME assemblage has ever been a vibrant and dynamic constituent of the Indian economy, helium said the country, astatine present, had astir 6.3 crore MSME units, providing livelihood means to much than 11 crore radical and contributing astir 30% to the nationalist Gross Domestic Product and accounting for 45% of full exports.
“These are not conscionable numbers. It reflects the tone of entrepreneurship, resilience, and innovation that drives the country’s economical advancement towards the world’s third-largest economy. The MSME is rightly called the maturation motor of caller India, contributing importantly to employment generation, manufacturing output, and exports,” the Lt. Governor said.
The sector, helium said, besides plays a captious relation successful generating employment and ensuring balanced determination maturation done PIPDIC and District Industries Centre. The Puducherry medication gives accent to easiness of doing business, infrastructure creation, women entrepreneurship, and sustainable growth. The medication was moving towards providing plug-and-play facilities and integer single-window clearances to pull much investors, helium added.
The Lt. Governor said the territory is beardown erstwhile it comes to logistics for concern activity. The authorities was successful the process of expanding the airport, and roadworthy connectivity to Chennai, confederate parts of Tamil Nadu, and Bengaluru was being improved. Besides, the Karaikal portion of the UT boasts an all-weather heavy h2o larboard with a draught of 14.5 m, helium said.
Minister for Home and Industries A. Namassivayam said the acceptable of caller reforms, particularly the Ease of Doing Business authorities initiated by the government, has received bully traction among entrepreneurs. The two-day buyer-seller lawsuit organised by FIEO was an acknowledgement of Puducherry’s increasing relevance successful the MSME arena, helium said.
In his address, Regional Chairman, FIEO (Southern Region), P. Gopalakrishnan said Puducherry was going to look arsenic an export hub successful the Southern Region. “Puducherry, though a tiny Union Territory, has shown singular entrepreneurial energy. From terracotta sculptures and papier-mache crafts to processed foods, garments, and handmade paper, the region’s products embody a unsocial blend of tradition, innovation, and sustainability. The buyer-seller conscionable is simply a unsocial level arsenic it brings buyers to India, enabling them to acquisition firsthand the quality, craftsmanship, and competitiveness of our products,” helium said.
FIEO officials said buyers from 16 countries, including the United Kingdom, Australia, South Africa, Spain, United Arab Emirates, Vietnam, Kenya, and Uganda, are participating successful the two-day event. Representatives of 300 MSMEs are attending the lawsuit and successful the people of 2 days, they volition beryllium holding pre-scheduled meetings with buyers. Around 50 Memorandum of Understandings are to beryllium signed connected Friday (October 31), said an official. Secretary, Industries, Vikranth Raja, besides participated successful the event.
