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The second major initiative is for skill Hon’ble Prime Minister development and setting up of a National Council on skill development chaired by the of India, national skill development coordination board and national skill development corporation with a target to train 500 million young people by 2022 and impart much needed skills. Export will greatly benefit, since they are facing a big shortage of skilled personnel. Not only that, the young people will be able to meet the skill needs of the aging population worldwide. Third significant initiative is for enhancing competitiveness of export through ten components announced under the national manufacturing Competitiveness program (NMCP) particularly with applications for lean manufacturing, quality management system & design support, quality standardization, setting up of mini tool rooms under PPP (public private partnership) fashion promotion for the usage of ICT tools, awareness for IPR, enterprise development through incubation and marketing support. These measures will stimulate enterprise and strengthen the export to enhance their competitiveness. Forth, the passing of a limited liability partnership (LLP) Act 2008, enabling SMEs to adopt corporate structure with the limited liabilities. They want the companies Bill 2009 so allow one companies.

The SMEs will benefit lot under these acts. Fifth, I believe, is the prompt decision of the Hon’ble Prime Minister to setup the task force on export announced during a meeting with industry representative on 26th August 2009 (wherein I participated) under the chairmanship of Mr. T K A Nair, Principal Secretary to the Prime Minister. The task force has had a very comprehensive review of the entire MSME sector through seven sub-groups examining in depth issues on: (i) credit (ii) marketing (iii) infrastructure technology and skill development (iv) Laboratory (v) rehabilitation & exit policy, (vi) taxation and the 7th sub-group what devoted for development of export in North-East and Jammu & Kashmir. The final report (January 2010) is action oriented and has stipulation of time frame for each action point.