Shri Nitin Gadkari expresses commitment to raise MSME’s contribution to GDP to 50 percent

  1. The Ministry of Micro Small and Medium Enterprises(MSME) has organised an international SME convention in New Delhi to observe International MSME Day.
  2. The theme of the convention is “Indian MSMEs,Global Aspirations”.The first convention was held in April 2018.The convention is organised in association with India SME Forum.
  3. The objectives of the Convention were(a)To boost the international competitiveness of the Indian MSMEs (b)Provide MSMEs a platform to understand the opportunities in the international market (c)Disseminate information on global market demand,ease of export financing for exports and developing strategies to penetrate new markets.
  4. During the convention,Union Minister for MSME has said that the government has set the targets such as raising the contribution of MSME sector to the country’s GDP to 50 % from the present 29 %.
  5. The government will also ensure that MSME sector gave employment to at least 15 Crore people against the 11.1 Crore at present.

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