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India Will Become World’s Top Auto Manufacturing Hub: Nitin Gadkari

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The subject of job creation is an actual priority for India in it’s bid to revive the economic growth back to the Pre-Covid era. Union Minister for Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari has said that the government is planning to create 5 crores more employment opportunities from Micro, Small and Medium Enterprises (MSME) sectors only. Mr Gadkari while addressing a virtual meeting, has made this point, “The government is planning to create 5 crores more employment opportunity from MSME sectors only. In the coming years, India will become the top automobile manufacturing hub in the world.”

“As compared with China, India has got huge potential. The availability of young talented manpower, raw material and favourable Policy of Centre and State governments is making India a favourite destination for investors to invest in India,” he added.

While the commitment of creating more jobs requires a collective effort and it requires the participation of all stakeholders. MSMEs holds the key for India’s economic leadership in the world.  The Union Minister said that the government’s target is to take the MSME contribution to the economic growth from 30 per cent to 40 per cent and also increase the MSME export from 48 per cent to 60 per cent.

 

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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