MSME Minister Gadkari says, relief package and new definition of MSMEs to give huge boost to industry
MSME Minister Nitin Gadkari has said that the relief package announced by the Finance Minister for different sectors and the new definition of MSMEs will give huge boost to industry.
Mr Gadkari said this while addressing meetings with the representatives of Business Network International through video conferencing on Impact of COVID-19 on MSMEs and Future of Indian Industry after Rs 20 lakh crore package. He called for exploring the rating of MSMEs and asked the participants to give suggestions for effective implementation of funds announced as part of the package for MSMEs.
Mr Gadkari also said that there is need to explore Agro MSME and Fishing MSME sector. The Minister stated that all the stakeholders including government are facing challenges due to COVID-19. He urged the industry to maintain a positive attitude during these difficult times to tide over the present crisis.
The Minister emphasized that special focus towards export enhancement is the need of the hour and necessary practices shall be adopted to reduce power cost, logistics cost and production cost to become competitive in the global market. He mentioned that industry should focus more on innovation, entrepreneurship, research skill and experiences to convert the knowledge into wealth.