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Govt's target is to generate additional 5 crore employment in MSME sector: Nitin Gadkari

Updated: Dec 03, 2019 05:27:41am
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Govt's target is to generate additional 5 crore employment in MSME sector: Nitin Gadkari

New Delhi, Dec 3 (KNN) Union Minister of Micro, Small and Medium Enterprises (MSMEs) has said that so far the sector has created 11 crore jobs and the target is to generate an additional 5 crore employment opportunities by 2024.

"Presently 29 per cent growth is coming from MSME and 49 per cent of the export of the country is coming from MSME. 11 crore jobs up till now have been created by MSME," Union MSME Minister Gadkari said in the Rajya Sabha.

"From 2019-2024, we have taken programmes, where our target is to" add 5 crore employment potential and to increase the share of MSMEs in the country's export and growth to 50 per cent,'' he added.

He also said the ministry has established technology centres which provide services to the Indian industry by way of precision tooling, training and consultancy.

''Rs 200 crore scheme has been sanctioned for setting up of 12 technology centres, which is expected to be completed in the next two years,'' he concluded.

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