Technology and Marketing to Drive Small Business Growth in India
India’s Minister for Micro Small and Medium Enterprises (MSME), Nitin Gadkari, inaugurated the MSME Day 2019 celebrations and the second International SME Convention in New Delhi on Thursday (June 27).
Speaking on the occasion he said that Prime Minister Narendra Modi‘s dream of making India a 5 Trillion Dollar economy can only be fulfilled by ensuring the growth of the MSME sector in the county.
He said that in the coming years it will be his endeavor to raise the contribution of MSME sector to the country’s GDP to 50 percent from the present 29 percent, and ensure that it gave employment to at least 15 crore (150 million) people against the 11.1 crore at present.
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Emphasizing the government’s commitment toward creating an enabling environment for the growth of the sector, Gadkari said there is an urgent need to encourage research and innovation in the sector, collaborate with global entities to bring in the latest technology and best practices and also promote marketing.
For this, he has proposed creating a new website where people can post new ideas, suggestions, and innovations. This will help develop a bank of innovation and ideas where all stake holders can share their suggestions, technologies, etc.