PRAMA India Wins Big at ASSOCHAM’s 8th MSMEs Excellence Awards

New Delhi, India – PRAMA India Bags ‘Tech-SME of the Year’ Award at ASSOCHAM’s 8th MSMEs Excellence Awards Ceremony and Summit held recently in New Delhi. Speaking at the Summit, Narayan Tatya Rane, Minister of Micro, Small and Medium Enterprises (MSMEs), stated that the MSME sector plays an important role in nation-building, regional balance, economic contribution, and job creation. “The MSME sector will help in making a truly Aatmanirbhar Bharat,” he said, of the sector’s importance in nation-building and the economy. “I promise to provide all the credits required to make the MSMEs grow. We have set up various training centers to help the sector. The government is committed to supporting the MSMEs through friendly policies, bringing in the latest technologies, setting up training centers, and providing credits,” he further added.

The summit was organized by Bhanu Pratap Singh Verma, Minister of State (MoS) for MSMEs, with the theme ‘Enabling Indian MSMEs to Go Global’. The MoS praised ASSOCHAM for organizing the summit and stated that MSME policies and commitments are designed and implemented for the benefit of entrepreneurs and business people. “The ministry is initiating and doing its best to resolve finance-related difficulties with banks in relation to MSME, and we are working to overcome all of the challenges faced in this sector,” he said.

Praising the small enterprises and startups for their outstanding performance during the pandemic, he mentioned the INR 3 lakh crore set aside for additional assistance under the ECLGS (Emergency Credit Line Guarantee Scheme) scheme. “The goal is to increase employment possibilities for 15 crore people,’’ he added. In response to rising import costs, he proposed that import margins be reduced by increasing domestic production through the ‘Make-in-India’ program.

The Micro, Small, and Medium Enterprises (MSME) sector has been a major focus of policymakers from the central government and state governments because it is critical for overall economic growth and development in terms of employment, value chain creation, foreign exchange earnings, support to large industries, promotion of regional balance, and inclusive development, among other things. Keeping in mind the contribution and significance of the MSME industries to overall economic growth and development, ASSOCHAM initiated many activities in the past to support the MSMEs, with the ASSOCHAM MSMEs Excellence Awards being one of the key initiatives.

Ashish P Dhakan, MD & CEO, PRAMA India Pvt Ltd, shared his thoughts on winning the award, saying, “PRAMA India is focusing on indigenous manufacturing of security products and solutions by setting a new benchmark of excellence. This award for PRAMA India is a timely recognition of our relentless efforts and innovations in raising the bar of India’s indigenous security product manufacturing. PRAMA has got this prestigious award from ASSOCHAM for the contribution in the field of indigenous manufacturing. We are successfully laying the foundation of Atmanirbhar Bharat by promoting the cause of indigenous manufacturing of security products. This award strengthens our resolve to continue to focus on security technology innovations and indigenous manufacturing going forward.”

Image Source: PRAMA

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