Kabhi Khushi Kabhi Gam, Nitin Gadkari tells MSMEs facing slowdown and urges them not to loose hope
Nagpur, Sep 16 (KNN) Union Minister for Micro Small and Medium Enterprises (MSME), Nitin Gadkari has urged the industries including MSMEs not to lose heart amid slowdown in economy as this phase will pass.
Speaking at an event to mark 65th foundation day of the Vidarbha Industries Association, he said "I know industries are going through a tough time now."
He stated "I met automobile manufacturers at all India convention of automobile industry and all of them were little worried."
"I told them, kabhi khushi hoti hain kabhi gam hota hain (there are times of joy and times of sorrow), sometimes you succeed, sometimes you fail...life is a cycle.
"So in your life too, because of global economy, demand and supply, business cycles you face little problems sometimes. Even the (rest of the) world is facing this problem. So don't get disappointed, this time will pass," Gadkari said.
"And I certainly feel that in coming days we are going to be the fastest growing economy," he said.
Amidst slowdown, various sectors such as automobile and gems and jewellery have urged the Government to take measures to bring back the economy on track.