Minister of Finance, Punjab, Manpreet Singh Badal on Saturday addressed a gathering at Emerging Investment Ideas 2018 Conclave at Hotel James Plaza in Chandigarh. Speaking about Punjab as an investment destination, he said, “I hope one day Indians will be able to conquer over our enemy which happens to be corruption, poverty, lack of education & housing etc. Whatever it takes we need to develop industries and services in Punjab. We need to make Punjab an investment destination. SMEs provide maximum employment and contributes the most towards the growth of Indian economy. Economic growth is social justice and this must proceed hence companies must not only focus on revenues. I hope this conclave is useful to all. These SME entrepreneurs are the real hero’s and nuts and bolts of the Indian economy and its progress.”
Around ten SME companies participated in the conference which was organized by, Sarthi Capital Advisors Pvt Ltd & Innovative Financial Management.
Speaking on the occasion Deepak Sharma, Group MD, Sarthi Group said “I am happy to be here and do this event. Punjab, although a rich state having a lot of people with entrepreneurial skills, lacks the equity cult unlike the western and the central states of the economy. By this conclave initiative, we intent to promote the awareness amongst the entrepreneurs and the other market participants.”
Iqbal Singh, MD of Innovative Financial Management added “The motto of organizing this conclave is to create the eco-system in this region for equity. MSME should look at the equity capital as an alternative fund raising for their growth. It also gives the investors the opportunity to interact with the top management of the companies.”
In India micro, small and medium enterprises (MSMEs) contributes 8% of the country’s GDP, 45% of the manufactured output and 40% of its exports. The role of MSMEs in the economic and social development of the country is well established. The MSMEs provide employment to about 60 million persons through 26 million enterprises.