SME Times News Bureau | 21 May, 2020
MSME minister Nitin Gadkari on Thursday said that
economic viability is crucial for higher education institutions. These
institutions need to reduce their operating cost without compromising on
He was addressing a meeting via video
conferencing with the representatives of MIT ADT University on future of higher
The Minister said that upgradation of
universities is required, and value based education is the strength of the
He further shared that our youth should
understand their strengths and weaknesses and problems faced by them can be
converted into opportunities. He added that enhancing capability of the youth
is critical for the country at this stage.
Gadkari emphasised the need for integrated
approach, effective coordination and team spirit among stakeholders and urged
the industry to have self-confidence and positive attitude to overcome this
He opined that industry should focus more on
innovation, entrepreneurship, science and technology, research skill and
experiences to convert the knowledge into wealth.
The Minister recalled that Government of Japan
has offered special package to its industries for taking out Japanese
investments from China and move elsewhere. He mentioned that it is an
opportunity for India which should be leveraged.
He opined that there is need to work on
decentralization of industries and focus on rural, tribal and backward areas of
the country. He added that there is need to explore Agro MSME sector.
The Minister also stated that the government is
planning to introduce vehicle scrappage policy. Recycling clusters may be
started near the ports, which will boost automobile manufacturing industry in
The Minister responded to the questions from
participants which were about qualities needed for an entrepreneur and guidance
on decision making.