Latest technology & quality critical for MSME growth & exports: Union Minister Narayan Rane

Mumbai, Oct 12 (KNN) Union MSME Minister Narayan Rane said on Tuesday that leveraging quality and state-of-the-art technology is important for growth, increased production and exports in the MSME sector.

He encouraged industry bodies to provide the required support for development of the country's MSME sector while speaking at MSME Summit and Exhibition 2022 organized by Confederation of Indian Industry (CII) in Mumbai.

"Considering the capacity and experience of CII in the industry sector, CII's assistance is crucial for development and expansion of MSMEs,” he said.

The Minister informed that there are around 6 crore entrepreneurs in the MSME sector.

With the aim to achieve Prime Minister Narendra Modi's dream of a self-reliant India, the MSME Ministry is endeavouring to increase entrepreneurship, production, employment and GDP in the sector, he said.

He assured that the government shall provide all possible support for development of industrial sector.

The dream of making the country a superpower can be fulfilled only with cooperation from industry, said the ministry.

The Chairman of CII Western Region Sunil Chordia said that the Government of India gives importance to the MSME sector in its drive to make India a USD 5 trillion economy.

He said that MSMEs have driven India to new heights through the basics of low investments, flexible operations and capability to develop good local technology.

The CII (Western Region) organized the 8th Edition of the MSME Summit and Exhibition 2022 with an objective to help MSMEs bounce back from tough issues in Environmental Sustainability, Finance, Business Continuity and Exports and to adopt new solutions and make them boom.   (KNN Bureau)