Srinagar: The Micro, Small and Medium Enterprises Development Institute (MSMEDI) Srinagar Monday organized an awareness program on the Government of India sponsored Zero Defect, Zero Effect (ZED) Certification System for MSMEs.
Dozens of Srinagar-based entrepreneurs attending the program were enlightened about the ZED scheme and its benefits for the MSMEs.
Throwing light on the benefits of the ZED Certification System, Assistant Director MSME DI Srinagar 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.
He added 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.
Manager DI 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 in the country.
The awareness program 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 will impact the industrial growth in the State.
The program 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. President BAMK Industrial Association also attended the program.
