Kalraj Mishra, the Union Minister for MSMEs, applauded the efforts of the National Small Industries Corporation (NSIC), especially through its Rapid Incubation programme, to create opportunities for self employment. Going around NSIC's Rapid Incubation Centre in Okhla, he appreciated NSIC for its active role in skill development and entrepreneurship training for unemployed and startup entrepreneurs. He gave away certificates for those trainees who completed the three month long incubation programme successfully. A project film on rapid incubation programme was also released by the minister.
Shri Kalraj Mishra stated that Rapid incubation programme of NSIC is the right step in transforming unemployment to self employment by providing support services to unemployed and unskilled persons including training on machines/projects, helping in preparation of project reports, seeking government approvals, facilitating credit from financial institutions, sourcing of technology and providing market support including raw material sourcing etc. Incubation provides necessary facilities for the prospective entrepreneurs and startup companies to learn product manufacturing, its processes coupled with technology development, business development, financing arrangements etc., all under one roof.
The minister added that the rapid incubation programme has a huge potential for job creation and it can play a substantive role in fixing regional imbalances. He further said that in the next five years, the MSME sector will create ample opportunities and that MSMEs can help India in its path to become a developed state. The NSIC model of Rapid Incubation has been well-received by many developing countries across the world such as Ethiopia, Burundi, Rwanda, Gambia, Zimbabwe, Egypt, South Africa etc. NSIC has already established Rapid Incubation model at Addis Ababa, Ethiopia and Bujumbura, Burundi as well as in South Africa. Dr H.P. Kumar, CMD, NSIC, stated that the NSIC incubation centre is equipped to provide training in more than 200 manufacturing trades related to light engineering, agro & food processing projects, pharmaceuticals and chemicals, garments, building materials, plastic, rubber, leather and leather products etc.