New Delhi, June 10 (KNN) As Micro, Small and Medium Enterprises (MSMEs) play important role in providing employment and income generation, Commerce and Industry Minister Piyush Goyal pitched for promoting MSMEs Iin developing countries at G-20 Summit in Japan.

Addressing a session on ''Promotion of Trade and Investment that contribute to Sustainable and Inclusive Growth' he said, “There is a need to support MSMEs in developing countries to spur job creation and promote trade in a sustainable manner.”

MSMEs contribute around 45 per cent in India's exports, about 25 per cent to the GDP from service activities and over 33 per cent to the manufacturing output of India.

Supporting greater participation of MSMEs in developing countries is crucial for jobs and income generation, he added.

The minister said that free trade and investments will benefit developing countries when they remain development centric.

G-20 is a grouping of developed and developing nations. The members include India, Argentina, Brazil, Canada, China, EU, France, Gemaany, Indonesia, Japan, Mexico, Russia, South Africa, UK and the US.

Critical linkage between financial and human capital also needs to be recognised to promote trade and investments in a sustainable and inclusive manner, he added.

Meanwhile at the sidelines of the G20 meet, he held series of bilateral meetings with his counterparts from various countries, including the he UK, Japan, Spain, Korea and South Africa and discussed ways to increase trade and investments.

With Japan, he also discussed issues related with a proposed mega free trade agreement Regional Comprehensive Economic Partnership (RCEP).