SRINAGAR: The Micro, Small and Medium Enterprises Development Institute (MSMEDI) Srinagar Monday organized an awareness programme on the Government of India sponsored Zero Defect, Zero Effect (ZED) Certification System for MSMEs (Micro, Small and Medium Enterprises).
Dozens of Srinagar-based entrepreneurs attending the programme were enlightened about the ZED scheme and its benefits for the MSMEs, an official press note read.
According to the press note, Assistant Director MSMEDI Srinagar while throwing light on the benefits of the ZED Certification System, said the system offers a credible recognition of the industry, streamlined operations and lower costs, superior quality, reduced rejection and higher revenues, increased environmental consciousness besides additional employment generation.
“The model, which is applicable to all sectors of manufacturing industries and focuses on MSMEs and small businesses, will address the quality and ecological needs of customers, society, employees, partners, regulators and investors, he added.
Manager, Development Institute Srinagar, while speaking on the occasion, urged the entrepreneurs “to avail existing central schemes and adopt new technologies to continue to be relevant in the fast-changing industrial scenario”.
The awareness programme also included sessions on the mandatory Central Udyog Aadhaar Registration and the Goods and Services Tax (GST) regime. Commercial Tax Officer, S Sahran, who was also present on the occasion, explained the nuances of the new tax system and how it would impact the industrial growth in the state.
The programme was also attended by Deputy Manager, Energy Efficiency Services Limited (EESL), who threw light on the role of EESL, a GoI venture set up to facilitate the implementation of energy efficiency projects, and its schemes concerning the use of energy efficient technologies by MSMEs.