ENA MSME 2025-05-15 14:33:49 <p><span style="font-size:14px"><strong>New Delhi, May 15 (KNN)</strong> Commerce and Industry Minister Piyush Goyal has announced plans to enhance the role of Invest India, the national investment promotion and facilitation agency, to attract greater investments and invigorate India's manufacturing sector. </span></p> <p><span style="font-size:14px">During a comprehensive review meeting at Bharat Mandapam on Tuesday, Goyal emphasised the need to improve Invest India's performance, effectiveness, and efficiency. </span></p> <p><span style="font-size:14px">He discussed strategies to strengthen investor engagement, empower Micro, Small, and Medium Enterprises (MSMEs), and accelerate manufacturing growth. </span></p> <p><span style="font-size:14px">Invest India serves as the first point of contact for global and domestic investors, providing end-to-end support across all stages of the investment lifecycle. </span></p> <p><span style="font-size:14px">It plays a pivotal role in expediting approvals for setting up manufacturing enterprises, including facilitating clearances required for land allotment. </span></p> <p><span style="font-size:14px">India's manufacturing sector currently contributes approximately 17% to the country's GDP and employs over 27.3 million workers. </span></p> <p><span style="font-size:14px">The government aims to increase this share to 25 per cent by 2025, driven by initiatives like the 'Make in India' policy and Production-Linked Incentive (PLI) schemes.</span></p> <p><span style="font-size:14px">Under Goyal's leadership, the focus is also on empowering MSMEs, recognising their potential in job creation and economic growth. </span></p> <p><span style="font-size:14px">The government's sustained efforts have led to a 55 per cent increase in Foreign Direct Investment (FDI) equity inflow in the manufacturing sector, reaching $148.97 billion during 2014-2023 compared to $96 billion in the previous nine years. </span></p> <p><span style="font-size:14px">These initiatives reflect the government's commitment to transforming India into a global manufacturing hub, fostering innovation, and creating a conducive environment for businesses to thrive.</span></p> <p><span style="font-size:14px">(KNN Bureau)</span></p> 42092 https://knnindia.co.in/news/newsdetails/msme/invest-indias-role-being-expanded-to-focus-manufacturing-msme-sectors 2025-05-15 14:33:49 knnindia.co.in