Govt to give major boost to MSME sector: Gadkari

PTI, Mar 2, 2020, 11:19 AM IST

Mumbai: Union minister Nitin Gadkari on Sunday said the Modi government was all set to give a major boost to the micro, small and medium enterprises (MSMEs) in the country.

He was speaking at the first-ever Bunts Star Achievers Awards 2020 instituted by the Indian Bunts Chamber of Commerce & Industry (IBCCI).

“MSMEs account for 48 per cent of the exports and employ 11 crore people. We are giving a major boost to the MSME sector… it drives the economy,” Gadkari said.

The MSME minister added that India needs an institute for enterprises and entrepreneurship.

“We need fast decision-making and that is the hallmark of this government,” he added.

He claimed that despite the global economic recession, India was the fastest-growing economy.

“What matters is the conversion of knowledge to wealth and waste to wealth. Environment and development must go together,” he said, adding that a holistic thinking was required to ensure that infrastructure development is not delayed.

Union Chemicals and Fertilizer Minister Sadananda Gowda said that since the BJP-led NDA government came to power, the ease of doing business has improved to the World Bank global ranking of 63 from the earlier 134.

Gowda, a former Karnataka chief minister, also said GST has “changed the scenario”.

“GST Council is an autonomous body and in the last two-and-a-half years there has not been a single incident of dissent,” he said.

By 2025, Rs 100 crore worth infrastructure projects are coming up, he said.