SME Times News Bureau | 27 Feb, 2020
MSME Minister Nitin Gadkari has stated that
Government of India is working on reducing restrictions in order to increase
ease of doing business in MSME Sector.
Praising the contribution of MSME industries in
the economic development of the country, Shri Gadkari said that there is a huge
potential in the sector for creating more jobs, contributing to more export earnings
by the sector.
Gadkari was speaking at a function after giving
away awards to MSMEs for excellent performance in various areas yesterday in
New Delhi.
He said that excellence shown by awardees will
motivate entrepreneurs all over the country to strive for higher standards of
performance and will be emulated by many more entrepreneurs.
The Minister also stated that Government is
working on enhancing availability of finance to the sector and the banks have
done better in terms of providing loans this year.
He also suggested that better performing MSMEs
should go into capital market and get investments from the public which will
increase their share value providing returns to the investors and making
availability on investments to such an enterprises.
Complementing the efforts of the National MSME
Awards, Gadkari said that such recognition provides greater motivations to
those who render excellent performance. He assured that Government stands
by the MSME sector and will work towards their betterment.
Gadkari said, “Considering the importance of your
contribution to the economy, exports and employment, I believe that the well-being
of the country can be secured through the well-being of the MSMEs. It is in
this light that I have asked my officers to design the Schemes and initiatives
to be growth oriented, inclusive and environment friendly”.
He added that “we are in the process of
redirecting our schemes towards empowerment of MSMEs through creation of
infrastructure, enabling access to finance, technology, market and skilling.
All this has to be done in an atmosphere conducive to ease of doing business”.