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RINL assures support to MSMEs
Chairman cum Managing Director of RINL P Madhusudan said that the local MSMEs are playing a vital role in meeting the procurement requirements of RINL-VSP which has doubled its capacity to 7.3 mtpa. The RINL is always positive and demonstrates support to the MSMEs in improving their business and exhorted them to utilise the opportunities being created by RINL expansion and modernisation, the CMD a
Visakhapatnam: Chairman cum Managing Director of RINL P Madhusudan said that the local MSMEs are playing a vital role in meeting the procurement requirements of RINL-VSP which has doubled its capacity to 7.3 mtpa. The RINL is always positive and demonstrates support to the MSMEs in improving their business and exhorted them to utilise the opportunities being created by RINL expansion and modernisation, the CMD added.
The 21st Plant Level Committee meeting organised by Vendor Development Cell (VDC) and Materials Management (MM) Department of RINL was held at Ukkunagaram on Saturday. Chairing the meeting, Madhusudan said that the RINL has procured various types of items worth Rs 239 crore during 2015-16 and Rs 415 crore during 2016-17 from the MSMEs which shows an improvement of 29 per cent. This reflects RINL concern for the MSMEs and their business growth.
The Joint Director of Department of Industries and Commerce of Andhra Pradesh, SV Giridhar Rao, observed that MSMEs are playing a major role in creating and providing employment and they are presently facing a lot of challenges in sustaining their business. The RINL is a very important partner for MSMEs and he stressed the need to extend support to MSMEs in their journey towards success.
He advised RINL to impart training to the local vendors to develop the products required for the plant. He said that the state government is contemplating to set up MSME Parks in every assembly constituency and called upon the MSMEs to utilise the opportunities created by government to further increase their business activities.
Director (Commercial) P Raychaudhury, while summing up the proceedings, assured full support to local MSMEs.
