Start-ups in manufacturing should also be pushed: Sidharth Birla (Watch Full Video)
Updated: Jan 07, 2016 04:23:20pm
New Delhi, Jan 7 (KNN) Growth of the MSME sector is necessary as it is the largest employment generator in the country, said Sidharth Birla, Past President FICCI & Chairman, Xpro India Ltd adding that the large companies ultimately employs proportionately less people.
He said that the start-ups are generally looked upon as the services sector, but now there is a need to push for start-ups in the manufacturing sector as well.
Birla said this on side-lines of a meeting with the Commerce and Industry Minister, Nirmala Sitharaman.
Sitharaman today held a pre-budget consultation meeting with the representatives from the industry associations.
Among other suggestions, Birla said that there is a need to boost domestic investment in the country for which the platform is being made.
The MSME sector provides employment to almost 10 crore people and contributes about 45% in the country's total exports and about 40% in the manufacturing sector. (KNN Bureau)
He said that the start-ups are generally looked upon as the services sector, but now there is a need to push for start-ups in the manufacturing sector as well.
Birla said this on side-lines of a meeting with the Commerce and Industry Minister, Nirmala Sitharaman.
Sitharaman today held a pre-budget consultation meeting with the representatives from the industry associations.
Among other suggestions, Birla said that there is a need to boost domestic investment in the country for which the platform is being made.
The MSME sector provides employment to almost 10 crore people and contributes about 45% in the country's total exports and about 40% in the manufacturing sector. (KNN Bureau)
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