Micro, Small, and Medium Enterprises (MSMEs) are a cornerstone of India’s economic landscape, encompassing a staggering 63 million businesses, making them a pivotal sector in the country. These enterprises are essential contributors to economic growth, employment generation, and overall development. They play a vital role in fostering entrepreneurship, innovation, and industrial development.
MSMEs are known for their ability to adapt and innovate swiftly, making them a dynamic force in the Indian economy. They offer employment opportunities to a significant portion of the population, acting as the second-largest employment generator in the country. MSMEs are known for their ability to adapt and innovate swiftly, making them a dynamic force in the Indian economy. They provide opportunities for entrepreneurship, job creation, and skill development, particularly in states like Nagaland where industrial growth can lead to socioeconomic progress.
In the seminar, Hekani Jakhalu and Tali Longchar highlighted the potential of MSMEs in Nagaland, emphasizing the role these enterprises can play in driving industry and entrepreneurship in the region. With the right support, infrastructure, and policies, MSMEs can contribute significantly to the growth and development of Nagaland, ensuring that the state’s youth are actively engaged in shaping the future and inheriting a more prosperous society.