We are Committed on Increasing MSME’s Contribution in GDP: Nitin Gadkari

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Surging on becoming a developed country, India is working aggressively towards enabling MSME oriented economy. In a bid to benefit the rural poor, the government aims to increase the Micro, Small and Medium Enterprises (MSME) sector’s share in the GDP to 40 per cent to from 30 per cent, said Union MSME Minister Shri Nitin Gadkari.

Currently, around 6.5 crore Micro, Small and Medium Enterprises (MSMEs) contribute 30 per cent to the GDP.

The minister on while addressing a workshop at the Mahatma Gandhi International Hindi University at Wardha in Maharashtra, emphasised that a policy has to be made to empower the poor.

“We are not in favour of westernization, but we are in favour of modernization, in the villages. This is the time for socio-economic transformation,” the MSME minister added.

According to an official statement, Gadkari called for lasting and transformative changes at the village level, through innovative, research-based technology specially adapted for rural areas.

The minister also pointed out that village industries and Khadi generate as much as Rs 88,000 crore on an annual basis adding, ”This can be increased if policy is flexible and innovative, and is aimed at improving the life of people living in villages.”

The minister also stressed that goods produced by village industries can be sold better if they are marketed better.

Recalling the philosophy of Mahatma Gandhi, Vinoba Bhave, Pandit Deendayal Upadhyaya, Ram Manohar Lohia and Jayaprakash Narayan, he said their aim was the same – to improve the lives of the poor living in villages.

Unless solutions are found to ensure that employment is generated in villages, and they are clean and have enough facilities, the dreams of these leaders will not be fulfilled, he said.

Migration of as much as 30 per cent of the country’s population from rural areas has taken place since independence due to lack of growth of the village economy, the minister said.

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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