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Govt, private sector should work hard to boost MSMEs, says FICCI MSME Committee


Despite several steps taken by government to boost Micro Small and Medium Enterprises (MSME) and increase its contribution to the country's Gross Domestic Product (GDP) from 29 per cent to 50 per cent, it seems that more needs to be done to achieve the same.  

While speaking on the sidelines of ‘Summit on MSME Ecosystem themed 'Connecting Dots & Bridging Gaps’ on Tuesday to KNN India, Archana Garodia Gupta, Chairperson, the FICCI MSME Committee said, ''Certainly, the MSMEs are not in good shape due to slowdown and to deal with this situation both government and private sector should come together and work very hard to increase the share of MSME.''

While highlighting the importance of MSME, Gupta said that it provide much more employment than large companies.    

She said as an association its  our duty is make to it easy for businesses to be set up and we also need to help them in addressing issues related to finance and markets.

''The job will be done by the entrepreneur but our duty as a government or as an association is to facilitate the process that compliance should be minimum,'' she asserted.

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