Santanu Saha, AGM Circle Office, Guwahati, Canara Bank delivering the keynote address at the Exclusive MSME Outreach Programme at Hotel Vivor Kohima on July 13.
Morung Express News
Kohima | July 13
Observing that Nagaland state is heavily dependent on the funding of the central government, Khrietuo Yhome, CEO of Rhaeven Capital on Monday stated concern for the state’s economy that is largely driven by the government salaries rather than a productive economy.
Speaking at the Exclusive MSME Outreach Programme at Hotel Vivor Kohima on July 13, he also impressed upon that this economic model has further led to unemployment, corruption, nepotism, and a culture of dependence while underscoring that, “such an economy is neither sustainable nor desirable in the long run.”
Asserting that the answer is entrepreneurship, he highlighted that entrepreneruship is not merely starting a business but is about solving problems, generating wealth and creating employment for others.
Urging the gathering to look beyond the security of government employment, and explore the opportunities that entrepreneurship has to offer, he underlined that, “we must aspire to become employers rather than employees, producers rather than consumers, innovators rather than job seekers.”
“If we genuinely aspire to build a resilient, self-reliant and a prosperous Nagaland, entrepreneurship is not an option, but it is the way forward. Let us move from a culture of dependence to a culture of enterprise”, he stated.
‘Be employer, not employee’
In his keynote address, Santanu Saha, AGM Circle Office, Guwahati, Canara Bank underlined that the need of the hour is to be an employer and not employee while reiterating the need to create employment.
He also spoke about the importance of MSME (Micro, Small, and Medium Enterprises) while highlighting that it constitutes more than 30% of the country’s GDP and gives more than 35% of the total manufacturing output while contributing nearly 50% of India’s exports.
He further gave a brief highlight of the growth of Canara Bank in Nagand and assured that, “we are here with you, to grow with you.”
Canara Bank, he also stated, is willing to partner in the growth of Nagaland. “Let our MSME entrepreneurs grow”, he added while expressing, “please make us part of your growth. We are there to support and grow with you.”
Highlights of the programme included presentations by Department of Finance (IDAN), Department of Labour, EPFO Ministry of Labour (GoI), Department of Industries and Commerce, Taxes Department (GoN), Kohima Municipal Council (KMC), Saurav Agarwal, Chartered Accountant, Canara Bank and Kohima Chamber of Commerce & Industry (KCCI).
Robin Temsu, City Church said the invocation while Martin Longkumer, Information & Publicity Secretary, KCCI proposed the vote of thanks.
