MSMEs play key role in job creation, says Dharmendra Pradhan

New Delhi, Dec 24 (KNN) Lauding the Micro, Small and Medium Enterprises (MSMEs) sector for its contribution towards generating employment in the country, Union Minister of Petroleum, Natural Gas and Steel Dharmendra Pradhan has asserted that MSMEs play a key role in job creation and large enterprises alone cannot create jobs.

Speaking at the 33rd National Conference of All India Induction Furnace Association of India (AIIFA) on Secondary Steel Sector,  Pradhan stated “While economies of scale have its own benefits, large industries alone cannot cater to the huge population in terms of jobs creation. Our MSMEs play an important role in large scale employment creation. The nation cannot prosper without wealth creators. Guided by the mantra of “Minimum Government, Maximum Governance” we are committed to facilitating the growth of wealth creators.”

Pradhan urged the industry to focus on development of new technologies and work towards export indigenous technologies to ensure more value addition and making Indian steel sector more competitive.

Commenting on policy reforms, Pradhan said, “Almost half of country’s steel production is done by the secondary steel sector. We are making our policy framework more inclusive. Our Government has made raw material even more accessible to the secondary steel sector. Industry must reciprocate by producing more value added products.”

He also spoke about the importance of energy availability and affordability for the steel sector, Pradhan said, “Steel industry needs more affordable energy. We are exploring new sources of energy. We are moving towards a gas based economy. We are laying a big network through Urja Ganga Yojana. We have 600 Million MT biomass in the country. Through use of technology, uptake guarantee we are planning to facilitate setting up of 5000 plants for bio energy generation.''

“India still imports high quality steel. We have a large market with skilled workforce. We must create an ecosystem to develop more high quality steel in the country and move towards becoming a net exporter,” Pradhan said while speaking about India’s ambition to become a net steel exporter.

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