NSIC to set up MSME facilitation centre.

The National Small Industries Corporation (NSIC), a mini ratna Government of India company, plans to set up an MSME (micro, small and medium enterprises) facilitation centre in Bhubaneswar with an investment of Rs. 60 crore.

'The facilitation centre will have all the service providers for the growth of MSMEs in the state. The construction is likely to start in a month and will be completed in nine months,' said H P Kumar, chairman cum managing Director, NSIC.

Kumar was in the city to attend the valedictory function of the second edition of the Odisha MSME International Trade Fair-2014. The centre will be a one-stop solution for the development of MSMEs and will house service providers like training institutes and insurance companies.

NSIC also plans to set up 20-25 incubation centres in Odisha in the next four to five years for encouraging the new entrepreneurs.

BS