MSMEs Are The Backbone of Economy, Can Help in Boosting Exports, Says Nitin Gadkari

Mumbai, October 29: Micro, small and medium enterprises (MSMEs) are the backbone of the economy and can help in boosting exports, Union Minister Nitin Gadkari said. The MSME minister said at present, the MSMEs are the backbone of the country. While addressing the virtual inaugural ceremony of the 10-day ''Namaste Bharat'' exhibition, Gadkari said that the government wants to create more employment in the backward and tribal areas.

The 10-day Namaste Bharat is the first of its kind exhibition for promoting ''Made in India'' products globally. It is backed by the Federation of Indian Export Organisations (FIEO) and the High Commission of Singapore.

“We are giving highest priority for how we can reduce our import and increase our exports. The global economy is an open platform where the quality, cost and scale of marketing of products are very important factors”, he said. He said the government wants to recognise, respect, support and facilitate women entrepreneurs and at the same time we want to incentivise them.

The Namaste Bharat initiative has been conceptualized and curated by Singapore's leading events and marketing company De Ideaz. The exhibition will see over 300-plus local Indian exhibitors showcasing over 1,00,000 Made in India products.

Talking about the Khadi Gram Udyog, the MSME Minister said that through this, the government is now concentrating on village industries and areas which are socially, economically and educationally backward. "We want to focus on these areas where we need more concentration for gaining and creating employment potential and growth. And that is exactly the way of eradication of poverty, which is our mission. They need guidance, innovation and technology and that is where we need to help them," the minister added.