The government is not going to give relaxations to foreign firms in single brand retail as FDI in retail to witness 30 percent procurement from SMEs, Minister for Micro, Small and Medium Enterprise (MSME), Vayalar Ravi told media today.

"Thirty percent procurement norm from SMEs in retail FDI policy is meant for the welfare of them (SMEs). Any relaxation which they (foreign firms) demand, if it affects my people and industry, I won't accept," said Ravi, after assuming charge as Minister for MSME in the national capital today.

The cabinet headed by Prime Minister Manmohan Singh last year gave green signal to allow up to 51 percent FDI in multi-brand retail, and raised the limit in single-brand retail from 51 percent to 100 percent with 30 percent quota of Indian SMEs in retail FDI policy.

Taking charge he elaborated on the importance of micro, small and medium enterprises in the growth of the Nation.

The new minister said that MSME is a major labour oriented ministry which can create jobs and more people can be employed.

He said that Khadi and Coir are the major industries which can offer self-employment.

The Minister also had a detailed interaction with the Secretary and other senior officers of the Ministry.