Union Minister of Micro Small and Medium Enterprises (MSME) has said that  vision of achieving 5 trillion economy will only be possible when 29 per cent share of MSMEs will reach 50 percent.

Speaking after conferring upon National MSME Awards to awardees here on Wednesday, Gadkari said, ''Our Prime Minister Narendra Modi's vision of achieving 5 trillion economy will only be possible when MSMEs contribution will reach to 50 per cent in the country's Gross Domestic Product (GDP).''

Gadkari conferred 50 National MSME Awards upon awardees for their outstanding performance and contribution in the development of MSME sector.

These awards are given every year in seven different categories to give recognition and honour entrepreneurs to felicitate their outstanding performances.