Nitin Gadkari proposes Alibaba like platform for MSME sector

Hailing MSME sector as a backbone of Indian economy, Union Minister for Micro, Small and Medium Enterprise (MSME) Nitin Gadkari said that the sector has a huge role to play in generating employment.

Gadkari, in order to make MSMEs in the country accessible to the world, has proposed a platform on the lines of Alibaba or Amazon.

We are going to open a new website, the name of it would be Bank of ideas, innovation, and research, which will be open for suggestion from the sector, said Gadkari while addressing the International SME convention.

So, anyone in the world can have access over their products, he added. Presently, MSME contributes 29% India’s GDP and about 50% of country export GDP.

Gadkari further said that India’s current government dream to become $5 trillion economy can only realise through the help of MSME sector appropriate policy.

MSME sector is also set to increase to 15 crores from around 11.10 crores.

He also talked about the need for research and innovation in the MSME sector and said collaborating with global entities will bring in the latest technology in the sector.

Gadkari also handed out awards to selected 100 SMEs from 34,011 nominations.

Two days ago in Rajya Sabha, Gadkari had said that his ministry aims to increase the number of MSMEs in India through various schemes and programmes.

The govt claims to provide better credit facility, technology up-gradation, and skilling to boost the entire MSME ecosystem in India.

About 5.45 lakh micro enterprises have been assisted with a margin money subsidy of Rs 12,074.04 crore, providing employment opportunities to an estimated 45.22 lakh persons since the Prime Minister’s Employment Generation Programme (PMEGP) inception and till March this year, he said.

Nitin Gadkari proposes Alibaba like platform for MSME sector

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
Kindly make the payment to confirm your seat for Unicorn trip 2.1. For any other queries/concern: pls drop a email on: [email protected] or [email protected]

Overcome FOMO
With Our Daily Newsletter

X