MSMEs Need To Be Able To Compete In A Fair And Equal Environment: Gadkari

CII and the industry should provide policy suggestions to the Government of India on import alternatives, strengthening financial institutions and ease of doing business. said Mr Nitin Gadkari, Hon'ble Minister of MSME and Road Transport & Highway, speaking at the Ministerial Plenary of the CII Digital Conference on Aatmanirbhar Bharat - Opportunities in Renewable Manufacturing on 16 July 2020. He encouraged a strong rural MSME, development to generate jobs, provide live and livelihood and solve the problem of urban congestion.

He also spoke of reduction of transportation and logistics costs through ease of environment. - access-controlled highways to reduce time of transportation and industrial clusters to reduce logistic costs. The government's prerogative would be to plan and support logistic parks beyond metro cities. This would reduce cost as well as reduce the problem of pollution that continues to choke India's metro cities. The GOI will continue to encourage PPP in roads, highways and development of a world-class transportation sector.

He said that MSMEs need to be able to compete in a fair and equal environment. They will be supported through technology upgradation. INR 50000 cr, according to him, has been set aside for MSMEs to raise capital from the market. Government is working to create an independent rating system for the MSMEs. By virtue of this, the good MSMEs can also get secure foreign funding. India is a secure destination provided we have secure projects, Mr Gadkari commented.