Government to soon announce relief package for MSME sector: Nitin Gadkari

New Delhi, May 2 (KNN) Minister of Micro Small and Medium Enterprises (MSMEs) Nitin Gadkari on Saturday asserted that government is likely to announce a relief package for the MSME sector soon.

Addressing the webinar on e-unveiling of ‘FLO Compendium of 100 Successful Women Entrepreneurs in MSME, organized by FICCI Ladies Organisation (FLO), Gadkari said, “We have sent recommendations for a relief package to the Finance Minister and Prime Minister and i hope it will be announced soon. We will try to give relief to the extent possible.”

He further said that all stakeholders must adopt an integrated approach to come over the crisis while ensuring the lives and livelihood of the people. 

Gadkari also urged the industry to have a positive attitude during this time to tide over this crisis.

“We will win the fight against corona along with the economic crisis and make India the superpower nation. Hum honge kamyab,” said Gadkari.

Highlighting the economic crisis across the world, Gadkari said that it is a golden opportunity for Indian industries and entrepreneurs to explore new businesses.

“It is a blessing in disguise,” he added while welcoming the global players to invest in India with full government support.

The Union Minister further added that industry should focus more on innovation, entrepreneurship, science and technology, research skill and experiences to convert the knowledge into wealth.

He also said that in order to gain competitiveness in the international markets, the industry must focus on reducing costs.

“Our focus will be to reduce the logistic cost, capital cost, power and production cost without compromising the quality,” Gadkari added.