FDI pros and cons in MSME sector not studied by Ministry: MoS MSME

New Delhi, Dec 12 (KNN) The MSME Ministry has conducted no specific study on the advantages and disadvantages of foreign investment in MSME sector from competitiveness and viability point of view, said MoS MSME Bhanu Pratap Verma in a written reply in Rajya Sabha on Monday.

He said that Foreign Direct Investment (FDI) is an enabling policy, which is uniformly applicable irrespective of scale and size of eligible investee entities. 

The minister highlighted the various policy formulated by the Government which are investor-friendly.

“Wherein most sector/activities including MSMEs except certain strategically important sectors/activities are open for 100% FDI under the automatic route, subject to sectoral laws, regulations/rules, security conditions and state/local/laws/regulations,” he said. 

The Minister further listed a number of initiatives under Aatma Nirbhar Bharat Abhiyan to support the MSME Sector such as ECLGS.  (KNN Bureau)