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Updated on: Thursday, May 30, 2019, 07:48 AM IST

Indore: Government mulling to build flatted area to facilitate MSMEs

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Indore: “In order to facilitate micro, small and medium enterprises (MSMEs) in the state, the government is mulling to develop flatted areas under ‘Plug and Play’ scheme. Industry department would build multi-storey buildings and provide space to MSMEs under the scheme,” said industry commissioner VL Kanta Rao in a meeting of Small Scale Industries Promotion Board, held with office bearers of MP Laghu Udhyog Sangh.

An office bearer of the Sangh informed that its members raised the issue of providing space to MSME units before Rao. Later talking to this correspondent Rao confirmed about the proposal under consideration.

Presently, due to shortage of land with the department, further availing of space have become difficult for the department. Looking at the scenario the industry body has proposed the idea of building a multi-storey building to generate space for the MSMEs.

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However, currently the scheme is still at concept level. Rao said that funds allotted to the department are being spent in development works and upgradation of infrastructure in industrial areas and thus shortage of fund is a major problem to execute the scheme.

He expressed resolve that the department would definitely bring out the scheme. Initially, a model multi-storey building would be constructed and after getting feedback on it, further planning would be done. However, location of the proposed building was yet to be decided, he said.

Certain other issues, including setting parameters for ease of doing business and more participation of MSMEs in government procurement procedure were also discussed in the meeting. Industrialist also suggested easing out rules of one time settlement scheme for MSMEs in the meeting.

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Published on: Wednesday, April 05, 2017, 07:55 AM IST
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