MSME Sector's Contribution in Indian Economy will be Enhanced to 40% in Coming Years, Says Union Minister Nitin Gadkari

Union MSME Minister Nitin Gadkari  has said that the government is committed to uplift the micro, small and medium sector in the country. He was addressing a recent conference on  Digitalization-The Key for MSMEs Rise to Resilience. Gadkari also said that the central government is undertaking several steps to  increase the contribution of MSME's industries in the economy, facilitating export capabilities and generation of job in this sector. Union MSME Minister added that all these steps will help in generation of five crore employment opportunities in the MSME sector. Centre Committed to Promote Renewable Sources of Energy, Especially in MSME Sector, Says Union Minister Nitin Gadkari.

The Micro, Small and Medium Enterprise sector currently contributed to a 30 per cent of the gross domestic product in India. Union MSME Minsiter Nitin Gadkari said in the conference that in the coming years, the contribution of the firm in the micro, small and medium sector in the overall Indian economy will be enhanced to 40 per cent. Nitin Gadkari added that the works to increase export from the firms in MSME sector are in progress. Union Minister Nitin Gadkari Inaugurates Technology Centres, Extension Centres To Boost MSME Sector.

On the importance of digitalisation in the MSME sector, Gadkari said that through digitalisation the systems can be made transparent, result oriented and time bound. Union MSME Minister Nitin Gadkari also added that E-market is the future of India and digitalization in marketing, manufacturing process and governance can take this sector (referring to the MSME sector) to a new height.

The central government has undertaken several schemes to promote the enterprises in the micro, small and medium sector. Various schemes have been rolled out for the developed of MSME firms and upliftment of people working in the sector. The sector is fast emerging as one of the leading contributors in India's Gross Domestic Product and  have a amounts to a total of 30 per cent in the overall economy.