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SIDBI ET MSME Conclave: Third session in Ludhiana to look at manufacturing and expansion landscape



After two successful sessions, the SIDBI ET MSME Conclave is now set to enter Punjab. The third session is scheduled to be held in Ludhiana on January 19.

The conclave is a series of events being held across the country with the aim to bring together micro, small & medium enterprises (MSMEs), policymakers and ecosystem enablers.

To register for the Ludhiana conclave, click here.

The first two sessions were held in Indore and Bhubaneswar. Those events had a stellar turnout and were abuzz with participants discussing ideas and policies, and exploring networking opportunities.
These programmes aim to catalyse the next wave of growth opportunities, foster knowledge exchange, enable networking and help to tackle challenges, for sustainable growth in Indian MSMEs.The upcoming session in Ludhiana will see engaging panel discussions and fireside chats with MSME representatives, entrepreneurs and other industry stakeholders. The topics will range from empowering MSMEs to their holistic expansion. There is also an exclusive chat expected with Ishita Thaman, Assistant Director, MSME-DFO, Ludhiana, on “Atmanirbhar Punjab: Decoding the Blueprint for Holistic MSME Expansion”. The programme will also be a platform for small businesses of the city to connect with peers, experts and industry leaders.Ludhiana is widely known for its textile and hosiery business, along with bicycle manufacturing. Some of the well-known brands from Ludhiana are Vardhaman, Duke Fashion and Hero Cycles. According to Punjab Eco Survey 2023, the city has emerged as the largest manufacturing cluster in north India. The survey also pointed out that Punjab has a very powerful base of over four lakh small-scale units. The units belong to bicycle parts, sports goods, auto components and agricultural implements, among others. “During 2020-21, the number of MSME units increased by 99,639 leading to a rise in employment. More than 29.07 lakh people are employed in the small-scale industry. Most of the small-scale industries’ production was concentrated in Ludhiana, with a value of output of Rs 1,71,047 crore,” it said. Ludhiana was followed by Fatehgarh Sahib (Rs 2,36,93 crore), Amritsar (Rs 21,301 crore) and SAS Nagar (Rs 20,811 crore) in output production by small-scale units, the survey added.

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Ludhiana is also known to have one of the highest populations in the state. It has been given the status of a smart city under the Smart City Mission. These factors make the city an enriching platform for SMEs.

The SME sector in the country is known for its entrepreneurial achievements and ambition and the MSME conclaves aims to provide a platform to strengthen small businesses in the country. This event is particularly tailored for the cities in Bharat and the vibrant MSMEs that exist there. The conclave seeks to shape the discourse on building financially robust and competitive MSMEs that realise the Atmanirbhar Bharat vision.

To register for the Ludhiana conclave, click here.



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