ANDHRA PRADESH PRESS RELEASE

adminNovember 30, 2023ANDHRA PRADESH, PRESS RELEASES0 Comment

PRESS NOTE

28-11-2023

ANDHRA PRADESH ATTRACTED OVER RS 9.40 LAC CRORE OF NEW INVESTMENT PROJECTS FROM 2018-19 TO 2022-23, SAYS STUDY

Andhra Pradesh, from 2018-19 to 2022-23, has announced new investment projects, both government and private sector, worth of Rs.9,41,020 crores and the highest has been in 2022-23 of Rs.3,32,186 cr, according to the study jointly carried out by the MSME Export Promotion Council and the Confederation of Organic Food Producers & Marketing Agencies (COII).

Releasing the study today, the chairman of the MSME Export Promotion Council (former secretary general of ASSOCHAM) Dr. D S Rawat said, “As per the data made available by the Centre for Monitoring of Indian Economy (CMIE), during this period the investment projects completed in the state were of Rs.1,34,419 cr and pending projects worth Rs.27,110 cr were revived”.

He said, in 2022-23, while the total investment projects outstanding were worth Rs.17,90,533 cr, the projects under implementation were of Rs.7,51,980 crore. The study has underlined the need for setting up a high-powered monitoring committee to expedite the with-held projects. If implemented expeditiously, chairman Dr Rawat said, could generate over 2 lac direct and indirect jobs.

During the FY 2022-23, the new investment projects announced by the government were of Rs.23,293 cr and the private sector Rs.3,08,893 cr. The total investment projects outstanding in 2022-23 under the government’s projects were of Rs.10,65,526 cr and under implementation Rs.5,64,868 cr. Under the private sector, the total investment projects outstanding were of  Rs.7,25,006 cr, and under implementation Rs.1,87,112 cr during the same FY.

The study observed that currently there are around 61,000 MSMEs in the state employing around 5.80 lac people. However, there is huge potential for the growth of MSMEs particularly in the agriculture and crafts sectors in rural areas which will provide inclusive and sustainable development. The state’s policy on the “boot-up, start-up & scale-up” model focusing on the first-generation technology-based entrepreneurs contributing to employment generation, new products, services, and social transformation is expected to pay rich dividends in the medium term.

Dr Rawat said the entrepreneur innovation & start-up cells started in colleges in the state will encourage youths to start up their own enterprises. While the state is supporting the formation of incubators, there is a need to encourage more and more NGOs to get involved in this respect.

The study has also emphasized the need to tap the huge untapped potential in the IT & ITeS sector as there are only around 250 IT companies in AP employing just 35,000 people.

Despite the disruptions caused by the pandemic, AP emerged as one of the front ranking states in the country’s agribusiness industry with Rs.44,539 crore exports showing a notable growth rate of 5.95% in agricultural and food processing exports for the year 2021-22. It has established itself as a major player in India’s agribusiness industry, with a significant contribution in sectors such as aquaculture, horticulture, dairy, and poultry. The state government needs to shift more attention to the innovative schemes/technologies developing globally to enhance the farmers’ income.

Dr Rawat said in today’s highly competitive environment, the state governments are compelled to improve their law and order and administration to make the bureaucracy business-friendly, and reform rules and regulations on a continuous basis to make legal framework compatible with economic and technological changes.

He further said, that all the states are required to make their states an attractive destination for private investment by providing several incentives and concessions to increase investment, raise tax collection, improve further the existing infrastructure, and create employment opportunities.

The MSME EPC informed that it has created a “Specialized Cell” to create awareness about the policies and facilities provided by the state government and the emerging potential for investment in various sectors.

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KARNATAKA PRESS RELEASE

adminNovember 16, 2023KARNATAKA, PRESS RELEASES, Uncategorized0 Comment

26-10-2023

Press Note

KARNATAKA ATTRACTED OVER RS 7.60 LAKH CRORES IN FIVE YEARS OF INVESTMENT

Karnataka between 2018-19 & 2022-23 has attracted new investment project proposals worth Rs.7,59,936 crore and the highest jump has been registered in 2022-23 as the state successfully attracted Rs.4,51,516 crore new projects alone whereas in the earlier four financial years Rs.308419.6 cr.

This has been revealed in a study just brought out on “investment, growth & development in Karnataka between 2018-19 & 2022-23” by the MSME Export Promotion Council along with the Confederation of Organic Food Producers & Marketing Agencies (COII).

Releasing the study today, the chairman of the MSME EPC Dr. D S Rawat said, as per the data available through the Centre for Monitoring of Indian Economy (CMIE), while the state received new investment proposals of Rs.451516.2 cr in 2022-23, in 2021-22 of worth Rs.79816.4 cr, Rs.74967.7 cr in 2020-21), Rs.94361.8 cr in 2019-20 and Rs.59273.8 cr in 2018-19.

The study further says the state completed the projects of Rs.39664.05 cr in 2022-23, Rs.21336.2 cr in 2021-22, and Rs.11415.5 cr in 2020-21. Between 2018-19 and 2022-23, the total number of projects completed was Rs.143094.2 cr.

It was noted that in 2022-23, the total outstanding projects were worth Rs.1643466.3 cr and under implementation of Rs.822070.4 cr. Once the implementation of the outstanding projects was completed, the study projects, generation of over 5 lakh additional direct and indirect jobs in the state.

In this connection, the study has recommended setting up a monitoring committee under the chairmanship of the Chief Minister/ Dy CM. The state government should also give a further boost to the start-ups and ancillaries to ensure inclusive sustainable development.

In the year 2022-23, there has been a very significant jump in the new investment projects announced in the state by the private sector of Rs.407855.5 cr. The foreign private investment in the state had also gone up in 2022-23. The projects announced were of Rs.66334.9 cr, completed projects of Rs.6288.5 cr, the total investment projects outstanding were of Rs.79664.7 cr and under implementation of Rs.7606.2 cr. The export of all commodities had gone up to Rs.223894 cr.

Karnataka is home to more than 8.5 lakh micro, small, and medium enterprises providing employment to over 60 lakh people. The state has invested over four lakh crore in the last five years and is in the 5th place in the country in terms of industrial growth. According to the World Bank, an estimated 70-90% of MSMEs in Karnataka are family-run and typically employ less than ten persons.

Though the state government is focusing on promoting MSMEs through various policy incentives, due to severe global competition, there are several challenges that small businesses face as they try to establish themselves and succeed in a competitive market.

The study has emphasized the need for support in terms of entrepreneurial skills, timely and affordable credit, technology adoption, quality production, and a competitive edge to stay ahead in the market. It involves using digital marketing, online platforms, and other digital resources to increase visibility, engagement, and customer base.

 

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MIZORAM PRESS RELEASE

adminNovember 16, 2023MIZORAM, PRESS RELEASES, Uncategorized0 Comment

PRESS NOTE

24 – 07 – 2023

MIZORAM ATTRACTS OVER 7100 CR WORTH OF NEW INVESTMENT

Mizoram has announced during the last five years (2018-19 to 2022-23) new investment projects in the state worth Rs.7118 cr and completed projects worth Rs.320 cr and the projects under implementation and or are at various stages of completion of Rs,1,33,078 cr according to the just concluded study conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers and Marketing Agencies (COII).

The study on “PROGRESSIVE MIZORAM: PRESENTS NEW VISTAS OF OPPORTUNITIES 2018-19 to 2022-23 was released here today by MSME EPC chairman Dr D S Rawat. While releasing the study, Rawat said, approximately 30,000 employment opportunities have been created and once the projects under implementation are completed, will add another 50,000 jobs, direct and indirect.

The state’s focus on organic and tourism promotion has been extremely helpful in providing sustainable livelihood and in promoting start-ups in the state.

The state’s economy has been continuously growing at an impressive rate with the tertiary or service sector leading the charge. Dr. Rawat said, that in 2022-23, the service sector contributed the lion’s share of 50.08 percent of the gross state value added (GSVA), followed by the industry at 25.09 percent and the primary sector, which comprises agriculture and allied activities at 24.83%, in 2023-24, the service sector is likely to register further impressive growth due to large number of start-ups in this sector.

However, with more than half of the state’s population deriving the greater part of their income from agriculture, faster growth in this sector is necessary to increase their income. The share of agriculture, forestry, and fishing has steadily increased over the years from 20.12 percent in 2011-12 to 24.83 percent in 2021-22. The primary sector contributed 25.93 percent, the industry sector 26 percent and the tertiary sector 48 percent in GSVA in 2020-21. The per capita income of the state, as per the economic survey for the fiscal year 2021-22 is Rs.1,75,896 compared to the previous year’s estimate of Rs.1,79,503.

The study observed that during 2021-22, the total bank credit went up to Rs.59821.6 million; agriculture Rs.5593.7 million, industry Rs.4683.8 million, transport operators Rs.1299.3 million, professional & other services Rs.3210.0 million, personal loans Rs.38631.8 million, trade Rs.5924.4 million, finance Rs.14.6 million and miscellaneous Rs.463.9 million, as against the total credit during 2020-22 of Rs.50633 million.

Indeed, Dr Rawat said, the hilly terrain of the state and transportation bottleneck has limited the scope for the development of large industries in Mizoram, MSME with tremendous scope of employment should be encouraged. Thrust be provided for those industries based on value addition of locally available resources such as bamboo and forest-based, processing of plantation crops, food processing & organic farming, handloom & handicrafts, textile-based, farm sector, animal husbandry, animal feed and poultry feed industries, tourism & hospitality, sport & sports-related services, sericulture and silk industries, mines & minerals, etc.

With the support of the Central government, the State government should create a dedicated fund to support the existing micro and small units struggling for survival particularly because of the pandemic-19, and also encourage alternative financial mechanisms to make timely, affordable finances available.

 

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BIHAR PRESS RELEASE

adminNovember 16, 2023BIHAR, PRESS RELEASES, Uncategorized0 Comment

PRESS RELEASE

07-08-2023

BIHAR BECOMES THE THIRD FASTEST GROWING STATE OF INDIA: ATTRACTED NEARLY RS.74000 CR INVESTMENT WITH TWO LAKH NEW JOBS; SAYS STUDY

The economy of Bihar has posted strong growth and has attained the number three position among the top five fastest-growing states in the country after Andhra Pradesh, and Rajasthan, according to the just concluded study by the MSME Export Promotion Council along with the Confederation of Organic Food Producers & Marketing Agencies (COII).

The study on “Progressive Bihar offers unlimited opportunities to investors” was released here today by the Chairman of the MSME Export Promotion Council Dr D S Rawat. He said, according to the Centre for Monitoring of Indian Economy (CMIE), during the last five years, Bihar has attracted Rs.73,900 crore in investment, successfully completed on-going projects worth Rs.77,047 crore and projects worth Rs. 16,10,381 crore under implementation. It is estimated that nearly two lakh jobs (direct & indirect) have been generated and once these projects are completed will create over three lack of additional employment opportunities.

The state economy posted a strong recovery as the gross state domestic product (GDP) at constant prices recorded a robust growth of 10.98 percent, much above the national growth rate.

The two most important sectors that contributed to the growth of GSDP have been livestock and fishing & aquaculture, registering growth rates of 9.5 percent and 6.7 percent respectively. The state’s economy is largely service-based with a significant share of agricultural and industrial.

As per the Centre for Monitoring of Indian Economy (CMIE) as of June 2023, during the year 2022-23, the new investment projects announced were Rs.3127.30 cr, investment projects completed were Rs.22577.42 cr, total investment projects outstanding were Rs.39446.64 cr and under implementation Rs.338227.66 cr. Once these projects are completed, are expected to generate over 70,000 direct and indirect jobs.

Dr Rawat said, the new investment projects announced in 2021-22 were Rs.13131.06 cr, projects completed were Rs.15492.22 cr, investment projects revived of Rs. 1841.18 cr, the total investment projects outstanding were Rs.418584.66 cr and under implementation Rs.339951.91 cr.

The new private investment projects announced in 2022-23 were Rs.2684.94 cr, completed projects worth Rs.215.65 cr, total investment projects outstanding were Rs.59579.65 cr and under implementation of Rs.41327.70 cr.

Tourism has turned out to be an economic booster contributing to the state’s economic development.  In Bihar, the cumulative average growth rate of tourism from 2014 to 2019 is nearly 95 percent but thereafter due to the pandemic, the global economy including India was severely hit. In attracting foreign tourists, the state was in 8th place.

He said, the Bihar government has attached special importance to the development of tourism in the state and recognized this sector as one of the ten priority industries of Bihar for providing financial and other support to this industry. In the post-pandemic, the flow of tourists, both national and foreign, has gone up manifold.

The study says, that in Bihar there are 45103 villages, having rich natural sites, pilgrimages, world-level yoga centers, prehistoric sites, rich cultured legacy, distinct cuisines, and festivals of rich traditional arts and crafts. The study has suggested repackaging the tourism circuits into heritage, religious, health, cruise river Ganga, ganga dolphin watch, and arts, crafts, and rural tourism.

As per the latest available data (as of 5 October 2022), in 2019, the total tourist visits in the state were 35083179; domestic 33990038 and foreign 1093141. In 2020, total visits were 5946104; domestic 5638024 and foreign 308080, in 2021, the number has gone down due to COVID-19 and touched 2502239; domestic 2501193 and foreign 1046.

Though Bihar occupies the second position next alone to agriculture in terms of employment generation and accounts for more than 95 percent of industrial units, 65 percent of the manufacturing output, and produces over 4700 value-added products, there is tremendous potential for ancillaries industries to grow, start-ups and agri-based industries. The study observed that Bihar’s economy during the recent years has shown an appreciable growth performance by contributing to the creation of livelihood opportunities for millions of people.

 

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MP TO DOUBLE THE INCOME OF FARMERS THROUGH ORGANIC FARMING

adminNovember 10, 2023MADHYA PRADESH, PRESS RELEASES, Uncategorized0 Comment

PRESS NOTE

22 September 2022

MP TO DOUBLE THE INCOME OF FARMERS THROUGH ORGANIC FARMING

 

The MP government will increase from one lac registered organic farmers to two lac soon and double exports from Rs 2500 cr to enhance income of farmers in the State.

Inaugurating the Organic and Ayurvedic Aahar summit organised by the Confederation of Organic Food Producers and Marketing Agencies Mr Kamal Patel, Agriculture Minister said here today.

He said MP has already attained number one position in the country and passing on the monitory benefits to the farmers. He also said the State is working hard to develop MP ORGANIC BRAND and will popularize them in the highest organic produce consuming countries. He advised COII to be the developing partner of the state.

The NABARD General Manager Nidhi Sharma said the apex Bank will soon launch in the state one- district-one-product to ensure adequate quantity to be viable. NABARD shall extend help for promotion of the scheme.

Dr D S Rawat, chairman of COII said the confederation and its knowledge partner BillMart Fintech will adopt two districts in the state for providing handholding in one district to creating agro- based enterprises and in another district MSMEs. He said once these districts become successful Pilot projects, with the support of state government will be implemented all over the State.

APEDA regional manager Ashok Kumar Bora said their organisation has launched many innovative initiatives for promotion of exports in the international market. In the domestic market, the organic products are not fetching the good price. The biggest problem is non-availability of quantity and quality and therefore stressed the need for contract farming.

SIDBI AGM Anand Kishore Yadav announced that the bank has decided to promote through various schemes to ensure sustainable development and livelihood. He invited farmers to come forward to avail benefits of their schemes and assure clearance within 15 days.

Other speakers were Dr Mukta Sarj from National Institute of Ayurveda, Mr Arvind Kumar, Food Safety Department and Mr Manoj Kumar, MP State organic certification agency etc.

 

 

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COII TO CREATE 100 STARTUPS IN ODISHA FROM AGRI-SECTOR

adminNovember 10, 2023ODISHA, PRESS RELEASES, Uncategorized0 Comment

PRESS NOTE

01 August 2022

COII TO CREATE 100 STARTUPS IN ODISHA FROM AGRI-SECTOR

Bhubaneshwar: The Confederation of Organic Food Producers & Marketing Agencies (COII) with the support of farmers’ organizations have announced that we will work together to increase profits of farmers moving them to certified organic produce through the application of scientific organic technology and facilitating timely and competitive credit.

The COII organized a summit on Organic Food Processing & Horticulture Odisha: Advantage Farmers in Bhubaneshwar to promote organic farming, food processing and horticulture sectors they being economically, and socially sustainable.

In a statement issued here today, the Chairman of COII, Dr. D S Rawat said, organic farming is most suitable for the state as 92 per cent of total farmers are small and marginal and uses only 57 kg per hectare fertilizers compared to the national average of around 125 kg per hectare.

COII along with its knowledge partner BillMart will join state government’s mission to create 100 young entrepreneurs from the farms and allied sectors in one year time. BillMart has developed a mechanism “MSME Gains” to facilitate timely and affordable credit by handholding the micro, small and medium enterprises, startups and others and provide & up-grade entrepreneurial skilling using technology for growth of businesses.

The summit noted that the current cultivated farm area in the state 96306.88 ha is likely to be increasing by 15 per cent per year and the total organic farm production from the current level of 128264.72 MT may go up between 15-18 per cent.

The global organic food market size is estimated to garner revenue of $485 billion in 2022-30 time frames growing from $168.5 billion in end-2021 at a healthy CAGR of 11.77 per cent.

The per capita income will increase significantly, as for the last 10 years it has gone up by 115 per cent. This will provide inclusive growth and generate direct and indirect sustainable jobs in rural areas for the skilled and semi-skilled people to the extent of 50,000 per year.

The summit supported by APEDA, NABARD, SBI, ABA Farms and others was participated by over 100 delegates from different parts of the state and addressed among others by V K Vidyarthi, GM APEDA, Dhruba Charan Bal, DGM, SBI, D S Rawat, Chairman, COII, Niranjan Bhuyan, AGM, NABARD, P K Satpathy, Director, OSSOPCA & OSOCA, Deelip Sahu, MD, ABA Farms, Binaya Kumar, CEO, Bhairabi Women Agro Producer Company Ltd., Jogendra Sahu, MD, Banosadhi Farmer Producer Co. Ltd., Jigish Sonagara, Founder & CEO, BillMart Fintech Private Ltd. and others.

The study paper on Organic-Horticulture-Food Processing Odisha released on the occasion says, “there is huge untapped potential that exists in food processing industries with cereals, pulses and other perishable food products contributing Rs.55,000 crore to the state’s economy.  There was tremendous scope for growth, capacity expansion and value addition since Rs.15,000 crore are contributed by pulses and cereals while perishable food products contribute another Rs.40,000 crore”

Dr. Rawat said only 10 per cent of perishables are processed with a value addition of around 20 per cent. He further added, India’s food processing sector is one of the largest in the world and its output is expected to touch    US $535 billion by 2025-26 and generate jobs for about one crore people.

The study pointed out that Odisha is the 7th largest producer of vegetables contributing 4.9 per cent of total vegetable production and 12th largest fruit producer i.e. over 2.6 per cent of the country’s total fruit production.

 

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