Bengaluru, Aug 30: Union Minister of State for MSMEs Shobha Karandlaje on Friday emphasised that public sector industries must prioritise MSMEs when purchasing spare parts and raw materials.

“A memorandum to that effect will be submitted to Prime Minister Narendra Modi,” said Karandlaje.

The minister inaugurated a two-day conclave on MSME, organised by the Federation of Karnataka Chambers of Commerce & Industry (FKCCI) at Palace Grounds in Bengaluru.

Karandlaje said small, micro, and medium sector industries play a vital role in the industrial development of the country. “These MSMEs create jobs for our youth. The Centre has evolved many schemes to encourage MSMEs,” she added.

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She also highlighted that there has been an increased allocation for MSMEs in the Union budget, emphasising that MSMEs are playing a vital role in realizing Prime Minister Narendra Modi's vision of a "Vikasit Bharat."

According to Karandlaje, there is a need to improve the skill development of youth in MSMEs to better align with the needs of the industry.

“We are taking steps in that direction. MSMEs are contributing significantly to GDP growth. About five lakh applications are received every year to start new MSMEs. We are currently able to provide subsidies to only 90,000 applicants. We have submitted a proposal to the finance minister to enhance this subsidy component," the MSME Minister explained.

Revealing that large PSUs are importing many raw materials from other countries, Karandlaje said her ministry will appeal to the Prime Minister to direct these PSUs to prioritise purchasing raw materials from MSMEs.

FKCCI President Ramesh Chandra Lahoti, in his speech, stated that the two-day conclave will create a platform for young entrepreneurs to obtain information about starting MSMEs.

“MSMEs form the foundation of our industrial development. The Centre and states have introduced many schemes for the benefit of young entrepreneurs,” he added.

According to him, the MSME Conclave-2024 is an important platform to ensure the growth and sustainability of the MSME sector in the state. Industry leaders, policymakers, and financial institutions have joined forces to provide all the necessary information about starting MSMEs.

“Our aim is to create a conducive environment for starting MSMEs with all the necessary financial and infrastructural support,” the FKCCI President explained.

FKCCI President-Elect M G Balakrishna, Senior Vice-President Uma Reddy, FKCCI Industry Committee President Aravinda Burji, Karnataka Small Scale Industries Association President M G Rajagopal, and Peenya Industries Association President Shivakumar were also present on the occasion.

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New Delhi (PTI): An alleged road rage incident took a fatal turn when a 27-year-old factory worker was chased down by assailants and stabbed multiple times inside a public toilet in northwest Delhi's Ashok Vihar area, police said on Thursday.

According to police, the incident took place on Wednesday night, when witnesses saw the victim, Santosh Kumar, running into a public toilet in a desperate bid to save his life, with his attackers hot on his heels.

"A PCR call was received at 6:23 pm on April 8 regarding a man being stabbed inside the compound of a Sulabh Sauchalaya located at the fish market in Wazirpur Industrial Area," a senior police officer said.

A police team rushed to the spot and found the victim lying in a pool of blood inside the toilet premises. The victim, originally from Nepal, was residing in Macchi Market area, the official said.

Preliminary inquiry revealed that the incident stemmed from an altercation between the victim and a motorcycle rider. The verbal spat soon escalated into a physical scuffle, during which the accused, along with an associate, allegedly attacked Santosh with a knife.

Police sources said in a desperate attempt to save himself, the injured victim ran towards the nearby public toilet and tried to latch the door from inside. Eyewitness accounts suggest he tried to take refuge inside the public toilet and shut the door to prevent his attackers from entering. However, he was chased down, overpowered, and stabbed multiple times.

Santosh collapsed on the spot, where he later succumbed to his injuries, police said.

A case under sections 103(1) (murder) and 3(5) (common intentions) was registered at Ashok Vihar police station and an investigation was taken up.

During the probe, police arrested one accused identified as Tanish (19), a resident of CSA Colony in Macchi Market area, and apprehended a juvenile allegedly involved in the incident.

Police said the motorcycle used by the accused, which they had abandoned while fleeing after the attack, was recovered near the crime scene.

Family members and acquaintances of the deceased expressed shock over the killing. Santosh's uncle, who reached the spot after being informed, recounted the scene.

"When I came here, I saw him lying on the floor, dead. I noticed that he had been stabbed twice. I am not aware of what exactly happened. He was just 27 years old and used to work in a steel company with me. I don't know how many people were involved in the attack. We are from Nepal, and I have been working here for 15 years. I think he was stabbed outside and later came inside the toilet to save himself. There was a bike outside which I think belonged to the attackers," he said.

Police said the motive behind the crime appears to be road rage -- a sudden and heated altercation on the road that spiralled into a violent assault resulting in the victim's death.

Efforts are underway to identify and apprehend any other persons involved in the attack. Police teams are analysing CCTV footage from the surrounding area and examining local witnesses to piece together the sequence of events.