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UTTAR PRADESH EXCEEDS 11th FIVE YEAR PLAN TARGETS – GENERATES OVER 8.5 LAKH JOB OPPORTUNITIES

April 15, 2016

“Uttar Pradesh government is making significant efforts for providing conducive environment and policy support to enable MSME sector to achieve higher levels of production, exports and employment.” ~ D.S. Rawat, Secretary General, ASSOCHAM

Image Source – dynamitenews.com

Image Source – dynamitenews.com

During the 11th Five-Year Plan (2007-2012), Uttar Pradesh (UP) has managed to exceed its target by setting up over 1,800 additional micro; small and medium enterprises (MSMEs) and generating over two lakh additional jobs, noted by apex industry body ASSOCHAM jointly with Thought Arbitrage Research Institute (TARI).

“Uttar Pradesh has made significant progress in promoting the growth of MSMEs and has evidently been able to exceed targets set in the 11th Five Year Plan, to generate 6.5 lakh employment opportunities by establishing 1.65 MSME units across the state, said Mr D.S. Rawat, Secretary General, ASSOCHAM while releasing the findings of the study along with Mr Kaushik Dutta, director, TARI at a press conference recently held in Lucknow.

Image Source – uttamup.com

Image Source – uttamup.com

Repairing and servicing industries account for over 1/4th (21 per cent) share in key MSME industries in UP followed by miscellaneous manufacturing (15 per cent), food products (15 per cent), hosiery and garments (11 per cent), the study noted.

Second largest employment generator after agriculture

MSME sector is the second largest employment generator (after agriculture) in UP, as it employs over 92 lakh people across the state. However, 90 per cent of these people are employed in unregistered MSMEs.

Besides, MSME accounts for almost 60 per cent of UP’s total industrial output, thereby playing a crucial role in providing large scale employment at lower capital cost, promoting industrialisation in rural and backward areas, reducing regional imbalance and assuring equitable distribution of national income and wealth.

With around 50 Chinese firms evincing interest towards investment in Uttar Pradesh, industry body ASSOCHAM is working on a proposal for setting up a ‘Chinese Manufacturing Zone’ in the state.

 

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