New Delhi: Union Minister for the Ministry of Micro, Small and Medium Enterprises (MSME) Narayan Rane and Minister of State for MSME Bhanu Pratap Singh Verma along with MSME Secretary BB Swain and Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena on Monday inaugurated the MSME Pavilion virtually in the presence of officials from the Government of Dubai and dignitaries joining from all over the country in World Expo, 2020 Dubai. The Union Minister also launched the Khadi India Film produced by KVIC.
The 'World Expo 2020 Dubai,' is being held under the Bureau International des Expositions (BIE). It aims at bringing together millions of people for the world’s exceptional show, celebrating human brilliance and achievement with the theme, “Connecting Minds, Creating Future.” Ministry of MSME’s participation in the Expo would help to develop understanding about the MSME ecosystem in India as well as enable interaction with Governments of different countries, Business and Industry leaders, which would help in exchange for best practices adopted across the world.
In his inaugural address, Rane said that the MSME sector plays a significant role in terms of job creation and expanding manufacturing base. Today, it has over 6 crore units employing over 11 crore people and is a significant contributor to the economic growth with over 30 percent of contribution to the GDP and over 48 percent of overall exports from India. Ministry’s focus is to create a benchmark for MSMEs across the country by scaling them to new heights in terms of exports, quality of products, contribution to GDP and providing world-class infrastructure and state-of-the-art technology to all MSMEs operating in India.
While MoS Verma said that the Ministry of MSME has been undertaking various important initiatives to boost the MSME sector and has been actively engaged in spearheading initiatives like finance facilitation, capacity building & skill training, facilitating market linkages, technology up-gradation, etc. for the overall inclusive development of MSMEs across the country.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)