MSMEs are the true engines of inclusive and holistic development: CS

Micro, Small, and Medium Enterprises (MSMEs) are the true engines of inclusive and holistic development, said Shalini Rajneesh, Chief Secretary.

MSMEs not only contribute to economic output and exports, but more importantly, they generate employment opportunities, encourage innovation, strengthen local economies, and bring opportunities closer to people, she said at a three-day Global MSME Conclave that began here on Friday.

Ms. Rajneesh said that MSMEs are playing a significant role in establishing competitive and resilient economic systems during an era when the global economy is being reshaped by technology, sustainability, and supply chains.

She added that digital commerce has given opportunities to even small-scale enterprises to compete globally while providing them with appropriate technology, market accessibility, and support. “This presents immense opportunities for our MSMEs to scale up, embrace innovation, and become part of global value chains,” she further said.

Reiterating the Karnataka government’s commitment towards the creation of a transparent, technologically competent, and investor-friendly business environment, she stated the future of MSMEs would depend upon their ability to adopt digital platforms, automation, Artificial Intelligence, Industry 4.0 solutions, and e-commerce ecosystems.

Further, she highlighted the role of the Center of Excellence in Artificial Intelligence for the betterment of entrepreneurs, and the collaboration with banks alongside restructuring of RSETTI institutions would enhance digital governance and capacity building.

“Our youth are our greatest strength. By aligning skill development programs with industry requirements, we can create a future-ready and globally competitive workforce,” she said.

She also highlighted the government’s initiative of giving importance to supporting women entrepreneurs, rural enterprises, and first-generation business owners to ensure inclusive and equitable growth. 

“Let us take MSMEs from survival to growth, from local markets to global markets, and from dreams to achievements,” she said