Latest News | Govt Envisions Doubling MSME Sector's Contribution to India's Economy: Minister
Get latest articles and stories on Latest News at LatestLY. The government envisages doubling the contribution of India's micro, small and medium enterprises sector to the economy by realising its full potential, Union Minister Bhanu Pratap Singh Verma said on Wednesday.
New Delhi, Nov 30 (PTI) The government envisages doubling the contribution of India's micro, small and medium enterprises sector to the economy by realising its full potential, Union Minister Bhanu Pratap Singh Verma said on Wednesday.
The Micro, Small and Medium Enterprises (MSME) sector contributes one-third to India's gross domestic product (GDP).
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The Minister of State for MSME said the Ministry is working towards this objective by resolving bottlenecks.
"Our vision is to double the contribution of MSME sector to India's economy by realising its full potential. We will resolve internal bottlenecks towards this objective," Verma said while addressing the Global MSME Summit here.
The Global MSME Summit is being organised by CII in partnership with the Ministry of Micro, Small and Medium Enterprises to promote the visibility of Indian MSMEs and encourage international market linkages.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)