SME Times News Bureau | 14 Nov, 2019
Union Minister of MSME Nitin Gadkari on Thursday
said that India has made remarkable progress in the field of MSMEs.
Inaugurating the 39th India
International Trade Fair (IITF) in New Delhi, Gadkari said the country has made good progress in the field of
He said, MSMEs
contribute up to 29 per cent of India’s total exports. The sector has generated
employment to over a crore people recently.
described the MSME sector as the growth engine for India’s development.
Gadkari also called upon the
entrepreneurs to come forward with new and fresh ideas on improving designs,
reducing costs, and harnessing businesses. He said, various States are abundant
with rich minerals and raw materials.
“The need is to convert them
into business and industrial opportunity”, he added.
The Minister informed the
audience that the government is working on setting up new technology training
centres for quality production, which is internationally acceptable.
MoS Commerce &
Industry Som Parkash, in his address, underlined the importance of the theme of
39th IITF ‘Ease of Doing Business’ and said, MSME sector
has to play an important role in accomplishing the twin targets of doubling the
farmers’ income by 2022, and making India a Five Trillion Economy.
Lauding the Fair,
he said, such events help in positioning the ‘Brand India’ globally.
The Minister also
praised the idea of banning single use plastic in the IITF 2019.