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Bokaro expanding clusters for economic growth

Bokaro has seen notable development with the establishment of two clusters, the Iron Cluster in Bhendra of Nawadih Block and MSME-facilitated units in Balidih, over the past one and a half years. 

Ambitious Plans for Further Growth

The Bokaro administration is now actively pursuing the creation of five additional clusters under the Micro, Small, and Medium Enterprises (MSME) Cluster Development Program (CDP) Scheme and the Scheme of Fund for Regeneration of Traditional Industries (SFURTI). These clusters include Mushroom and Baby Corn Processing, Pulse and Mustard Oil Processing, Poultry, Bamboo Craft Cluster, and Sewing Machine-Garment Cluster.

Empowering Entrepreneurs through Knowledge Sharing

To empower entrepreneurs and address challenges in project initiation, the district administration organised an interactive session with Grant Thornton (GT) Bharat, a knowledge partner, at Hans Regency Hall.

District Administration Aims for Sustainable MSME Growth

In the workshop attended by Deputy Development Commissioner Kirtishree G, Professor V. Padmanand from GT India, Director of GT India Mr. Rishu Ravi, and various stakeholders, the focus was on fostering sustainable growth in the MSME sector.

Kirtishree G highlighted the scheme’s objectives, aiming to enhance sustainability and productivity for MSMEs while addressing common challenges like technology adoption, skill enhancement, quality improvement, market access, and capital availability.

Key Insights from Workshop

The workshop served as a platform for diverse stakeholders to explore avenues for sustainable growth. Professor V. Padmanand, a key figure in establishing over 100 clusters across states for GT India, shared insights into successful cluster development. He emphasized the importance of organizational strengthening, trust building, market networking, and group formation.

Prof. Padmanand also discussed operational efficiency and excellence through cluster value chain development and addressed technological and value chain deficiencies through a joint Public-Private Partnership (PPP) mode.

Success Stories and Future Targets

Kausal Kishore, a consultant from GT Bharat, shared success stories from Jharkhand, where 33 Farmer Producers Organizations (FPOs) were launched, including five in Bokaro.

Notably, two FPOs run by women in Singhpur (Kasmar Block) and Kashi Jharia (Chas Block) have achieved an annual turnover of Rs 40 lakh each. The target is set to reach a turnover of 1 crore rupees by the next financial year, showcasing the tangible impact of such initiatives on local economies.

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