Chandigarh 15 March 2026:
Cabinet Minister Sanjeev Arora said that MSMEs are participating 25 to 30% in GDP growth of India. He urged to use maximum artificial intelligence to run the business and day to day work in your offices. MSME are executing arm of the economy and also the natural manufacturing machine of the country. Our government is focusing on modernization and expansion of MSMEs. He advised industrialists to focus on price and quality rather than marketing to increase demand of the products. There is no dearth of skills in Punjab.
Furthermore, Cabinet Minister Sanjeev Arora highlighted that Punjab Government, with a robust base of nearly 1.6 lakh MSME units, plans to establish a dedicated agency which will transform its MSME ecosystem into a highly dynamic and globally competitive sector. MSME Punjab will serve as a single institutional platform to enhance competitiveness, improve access to finance, technology, markets, skills, and promote cluster-based development.
He stated that Punjab will adopt a cluster-based strategy to drive MSME sector development, leveraging economies of scale, shared facilities, and collective efficiency among co-located enterprises. The State aims to optimize the use of cluster development schemes, while also introducing its own State-level cluster development program to address unmet needs and bridge gaps in existing frameworks.
Cluster interventions will be designed to strengthen infrastructure, technology adoption, and market readiness of MSMEs through proactive collaboration between government departments, industry associations, and Special Purpose Vehicles (SPVs) formed by cluster members. The objective is to create a synergistic environment that fosters innovation, cost competitiveness, and sustainable industrial growth, he added.
Gurkirat Kirpal Singh IAS Secretary Industries and Commerce said that Punjab Government is encouraging MSMEs to expand their business in Punjab and several incentives are being given to MSMEs so that they can set up their plant in Punjab. A lot of opportunities are available in this sector. He added that Punjab Government have accepted 77% recommendations of sectoral committees and launched most attractive industrial policy. Time bound clearances are being given to the Investors and this new industrial policy will help enterpreneurs.
Professor Rudhra Pratap Vice Chancellor of Plaksha University, Mr. Dharmesh Goswami Partner, KPMG, Mr. Bhupinder Pal Singh Anand Director, Jal Bath Fittings, Mr. Manbir Singh Director, IEE Elevators, Mr. Rajesh Mehra MD, Active Clothing were participated in MSMEs Session.
