New Delhi, Jan 22 (KNN) The advisor of NITI Aayog, Sudhendhu J. Sinha has said that financial strengthening is the key factor for the MSME industry, and a single window system must be set up to resolve issue pertaining to land, property and tax compliances.

MSMEs are one of the most vital systems of the entire economy and industry, setting up m robust supply chain formation in India.

He was speaking at BW Emerging Conclave & Awards 2022 organised by BW Businessworld on Friday. 

“Several initiatives have been taken to strengthen the capacity of MSME,” Sinha added. 

He highlighted the significance of PLI scheme and how humongous the incentive is.

While explaining the role of government, he pressed on capability building, financial strengthening, rationalisation of rules, regulations, acts and compliances.

He has recommended for inspection mechanisms and how to help people to reduce their own logistics cost so that in total the impact becomes phenomenal.