SME Times is powered by   
Search News
Just in:   • Britain's economy shrank by nearly 20% in second quarter  • Govt agencies procure 44,809 tonnes of paddy in Punjab, Haryana  • Core sector output down 8.5 pc in August  • IDFC First Bank MD gifts Rs 30-lakh shares to schoolteacher  • Govt extends bid-submission deadline for BPCL sale till Nov 16 
Last updated: 09 Aug, 2020  

Gadkari.9.Thmb.jpg Improve MSME footprint in aspirational districts: Gadkari

Gadkari.9.jpg
   Top Stories
» Core sector output down 8.5 pc in August
» April-June external debt falls to $554.5 bn
» Fiscal deficit at over 109% of target in Apr-Aug
» Current account surplus at $19.8B in Q1FY21
» Covid-related reliefs for cos extended till Dec
SME Times News Bureau | 09 Aug, 2020

Union MSME Minister Nitin Gadkari on Saturday stressed the need of improving MSME footprint in 115 aspirational districts.

Addressing India@75 Summit : Mission 2022 organised by the Confederation of Indian Industries, Gadkari said, there is urgent need to look towards improving presence of MSME industry in the 115 identified aspirational districts of the country. Their contribution to GDP is presently negligible, but if focused attention is drawn towards them, these can uplift the employment scene in a big way.

The Minister informed that the government is working upon a scheme for inclusion of smallest units under MSME ambit providing for their micro financial requirements.

Recently, the MSME umbrella has been expanded and industry with investment value upto Rs 50 crore and turnover upto Rs 250 crore has been covered in the new definition of MSME. Also, the manufacturing and service sectors under MSME have been brought together by giving similar definitions to both.

Gadkari called upon the CII representatives to share ideas and suggestions for improving the overall economic condition of the country.

He cited the example of China, where top 10 business categories contributed about 70 per cent to its export bill. He said, by technology upgradation, India can also look for new export avenues in MSME sector. This will help grow a large number of ancillary units, he said.

Gadkari also asked CII to draft a proposal for insurance of roads which will remove requirement of Bank Guarantee (BG). This will speed up financial closure of road projects and in raising finances, thereby faster project completion.

He elaborated how road scenario was changing in the country which would further immensely improve with proposed 22 new green expressway projects.

 
Print the Page
Add to Favorite
 
Share this on :
 

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

 
  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 01 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter