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01/12/2022 12:30pm

Centre aims to increase economic contribution of Indian MSMEs by twofold

image Centre aims to increase economic contribution of Indian MSMEs by twofold

New Delhi, Dec 1 (KNN) Minister of State for MSME, Bhanu Pratap Verma said on Wednesday that the government is working on doubling the contribution of MSMEs towards the Indian economy.

He said that this will be possible only when India’s MSME sector realises it’s full potential.

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Speaking at a Summit, he emphasised on how the MSME sector contributes one-third to India's gross domestic product (GDP).

He said the Ministry is working towards this objective by resolving challenges and bottlenecks.

“Our vision is to double the contribution of MSME sector to India's economy by realising its full potential. We will resolve internal bottlenecks towards this objective,” he said.

The Global MSME Summit is being organised by CII in partnership with the Ministry of Micro, Small and Medium Enterprises for the promotion of Indian MSMEs and encourage international market linkages.  (KNN Bureau)

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