SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 30 Oct, 2012  

k-h-muniyappaTHMB.jpg India stand out during recession becoz of SMEs: MSME minister

k-h-muniyappa.jpg
K.H. Muniyappa taking charge as the Minister of MSME, in New Delhi on Oct 29.
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
Saurabh Gupta | 30 Oct, 2012
After assuming charge as Minister of State with Independent charge of the Ministry of Micro, Medium and Small Enterprise (MSME), K H Muniyappa Monday said that India has excelled during the global slowdown because of small and medium enterprises (SMEs).

"One of the major reasons of India's survival during recessing was the support of those SMEs, which remains alive during the worst phase of their life. We are not suffering like other western countries because of our SMEs," he told SME Times on the sidelines a press conference held in New Delhi on Monday.

He said the MSME sector have a great contribution in country's manufacturing output, employment generation and also in exports. The MSME sector contributes 8 percent of the country's GDP, 45 percent of the manufactured output and 40 percent of exports.

In the current year, the Ministry will be spending Rs. 2835.00 crores on the Plan Schemes as against an expenditure of Rs. 2018 crores during 2011-12, he added.

Speaking on the issue of FDI fear among SMEs, he told media, "With FDI coming in, it does not mean that it will be a problem for indigenous industry (SMEs)."

"Our people have to make quality products at par with international ones, to compete globally," he added.

Muniyappa replaced Vayalar Ravi who had additional charge of the Ministry of MSME.

Present on the occasion were Vivek Rae, (Secretary MSME), Amarendra Sinha, (AS & DC) and H.P. Kumar, (CMD), National Small Industries Corporation (NSIC), Arun Kumar Jha, Director General, NIESBUD.

Muniyappa was re-elected to 15th Lok Sabha on his 6th term from Kolar constituency in Karnataka. He was elected to Lok Sabha earlier in 1991, 1996, 1998, 1999 and 2004. Born on 7th March 1948 in Karnataka, Muniyappa has obtained degrees of B.A and LLB from Bangalore University, Karnataka.

Muniyappa was the Union Minister of State for Railways previously.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

SME & New Minister Comments
Kamalakar Save | Fri Nov 2 13:18:47 2012
The minister is right in his way but he has to spell out the action plans to remove various problems faced by SMEs which your web has highlighted time and again. I think knowing the contribution made by SMEs during crisis, he has acknowledged the importance and so we expect he would concentrate to reduce the hardships of SMEs and spent the allocated funds in that directions.


 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter