After August 2019, J-K’s economy living up to the expectation: LG Sinha

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Lieutenant Governor Manoj Sinha on Thursday inaugurated 8th International MSME Expo, Trade Fair & Summit 2022 at New Delhi and claimed that J-K’s economy has been living up to the expectation after August 2019.

“After August 2019, J&K’s economy has been living up to the expectation. In FY 2021-22 MSMEs export registered 54% growth and importer-exporter registration has gone up by 173%. Strategic focus on food processing, handicraft & organic products has stimulated the economic growth,” Sinha said in a tweet as per GNS.

He said J-K has one of the fastest-growing horticulture markets in the country. “Our strengths in natural resources & skilled workforce, best in class incentives through new Industrial scheme are well known and makes J-K an ideal MSME destination.”

Sinha said new strength, resilience and global competitiveness of MSMEs will make India a preferred destination for manufacturing for the world.

“Indian MSME sector today can be described as Magical, Steadfast, Magnificent Enterprises, which is contributing nearly 45% of overall India’s exports.

The number of initiatives under Aatma Nirbhar Bharat Abhiyan is driving economic progress and social development.” (GNS)

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