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Role Of MSMEs, Startups In Propelling State’s Economic Growth Highlighted | Odisha

Bhubaneswar/Angul: The second day of the first-ever district level investment promotion event, “Advantage Angul” was as interesting and engaging as the 1st day.

Today, sessions on the MSME ecosystem, Sustainable Development through industrialization, creation and role of Circular Economy, Food Processing, as well as sessions on Carbon Trading, Green Industrial Hubs & Green Buildings attracted a large audience and overwhelming response from the MSME and Start- up ecosystem.

Concept pitches from the innovative start-ups in the social and renewables sectors at the event provided a futuristic perspective of doing business as well as sustainability.

Addressing the event as the chief guest, Principal Advisor to the Chief Minister Asit Kumar Tripathi spoke about the importance of MSMEs and start-ups in propelling the state’s economic growth further.

He told that in Angul, there are large steel and aluminum industries in the district. Youth have opportunities to start their own business here as ancillary business units.

They can start packaging, ‘Can’ industries etc. here and this will support them more than a job, he added.

The program was also attended by Ranjana Chopra, Principal Secretary, MSME, Bhupendra Singh Poonia, MD IPICOL and IDCO, Atul Bagai, Head-UNEP, India and Sadique Alam, Director of Industries.

Senior representatives from Start-up Odisha, MSTC Odisha (MMRPT) and Development Alternative Group amply represented the private sector and proved to be an open house dialogue with all the stakeholders on a single platform. The event on day-2 attracted 200, delegates from various MSMEs and Startups.

Siddharth Shankar Swain, Collector and District Magistrate Angul set the context and delivered the welcome address.

Speaking about the MSME ecosystem in Odisha, Sadique Alam provided insights on the multiple government initiatives being undertaken by the MSME department.

Bagai took yesterday’s discussion on the Circular Economy model forward and impressed upon the importance of MSMEs to make the United Nations Environment Program (UNEP) a success.

Ranjana Chopra spoke on the role of sustainable development in delivering overall economic and social growth in the state.

Dr Omkar Rai, Executive Chairman, Start-Up Odisha, provided an overview of the Start-up ecosystem in Odisha and also the support which is being provided by the state to encourage the upcoming start-ups.

The enlightening speeches from the panel was followed by the launching of a book on the topic “Resource Efficiency & Circular Economy.

The UNEP also launched a Circularity Challenge and a document on the theme Growing with GRACE (Government Response for Achieving Circular Economy).

The opening session was followed by detailed presentations by industry stalwarts and senior government officials. Presentations were delivered themed around multiple topics including Opportunities in the Food Processing Sector, Green Industrial Area/Park/Hub – Pre-requisites and Technical Details, LC3, Secondary Building Materials, Green Building (Trading of Carbon Credits) and Vehicle Scrappage. The session concluded with the signing of 2 MoUs between IIT Kanpur, District Administration-Angul and between Development Alternatives and District Administration-Angul.

In the post-lunch session, 9 start-ups and 11 MSMEs from various fields of expertise presented their business ideas to the forum.

The enthusiastic start-up founders were very well received by the audience and they could also gather some business interests from the interactions at the event. Some of the start-ups had also set up exhibits at the venue, where they demonstrated their products to the delegates of the conference.

Summing up the session Siddharth Shankar Swain, Collector and District Magistrate Angul assured unstinted support and hand holding to the upcoming MSMEs and Start-ups in the Angul district.

He also proposed a vote of thanks to the panel members, delegates, and the entire organizing team for making the event a grand success.

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