Govt to improve MSME footprint in 115 aspirational districts
10 August 2020: Addressing the India@75 Summit – Mission 2022 organised by the Confederation of Indian Industries (CII), Union Minister for Road Transport and Highways Nitin Gadkari said that there is an urgent need to look towards improving the presence of MSME industry in the 115 identified aspirational districts of the country. Their contribution to GDP is presently negligible, but if focused attention is drawn towards them, these can uplift the employment scene in a big way. He said, by technology upgradation, India can also look for new export avenues in MSME sector.
The Minister revealed that the government is working upon a scheme for the inclusion of smallest units under MSME ambit providing for their micro-financial requirements. It may be noted that the MSME umbrella has been expanded and industry with investment value upto Rs 50 crore and turnover uptoRs 250 crore has been covered in the new definition of MSME. Also, the manufacturing and service sectors under MSME have been brought together by giving similar definitions to both.
Gadkari called upon the CII representatives to share ideas and suggestions for improving the overall economic condition of the country. He cited the example of China, where top 10 business categories contributed about 70 per cent to its export bill.
