MSME Contribution to GDP to Reach 50% And MSME ExportsWill Touch 60%: Nitin Gadkari

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MSME’s contribution to the national GDP is a factor that most of the policymakers and MSME advocates are looking. This factor holds the key to highlight the role of MSMEs in nation-building. Shri Nitin Gadkari, Union Minister for Road Transport & Highways and MSME highlighted and unleashed his vision towards enhancing MSME contribution to GDP from about 30% to 50%; and in exports from 49% to 60%. Speaking at a virtual meet organised to launch Aatmanirbhar Bharat ARISE Atal New India Challenges by NITI Ayog today Shri Gadkari said that his Government is aiming to create 5 crore additional jobs in the MSME sector which presently employs about 11 crore people.

Shri Gadkari applauded the Aatmanirbhar Bharat ARISE Atal New India Challenge initiative of Niti Ayog and called for working in encouraging use new technology in finding solutions to the problems being faced in different areas ensuring value addition. He cited the issue of excess rice which can be utilised for producing ethanol thereby addressing the problem of storage on the one hand and providing green fuel to the country as import replacement on the other. Delving further on the issue he said risk-taking ability in innovations/finding new solutions need to be promoted and those making bonafide mistakes in the process need to be protected.

Targeting creation of 5 crore additional jobs in MSME sector in 5 years.

ANIC – ARISE Challenges (Atal New India Challenges in Applied Research and Innovation for medium and Small Enterprises) launched.

The Minister stressed that country’s growth will be further accelerated when the backward and tribal areas including the 115 aspirational districts are brought on a growth trajectory. He pointed out that the Prime Minister has emphasised on the development and growth of these areas which are socially and economically lagging behind. Shri Gadkari also said we need to work according to the spirit of the Prime Minister’s vision that science should work in solving problems of common people including those from Scheduled Castes and Scheduled Tribes.

The Minister further advocated broadcasting support for innovations and entrepreneurship so that bonafide new talent also get a chance to grow. This helps in lowering costs as well. He also felt that the performance audit of Schemes for agriculture and ST/SCs will help in better targeting the schemes.

The objective of Aatmanirbhar Bharat ARISE Atal New India Challenges program is to proactively collaborate with  Ministries and the associated industries to catalyse research, innovation and facilitate innovative solutions to sectoral problems.

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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