Revival of MSME sector


Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari on Thursday interacted via video conferencing with the representatives of Bharat Chamber of Commerce, enterprises from various sectors, media and other stakeholders on “Post COVID -19: Challenges and New Opportunities in India”. During the interaction, the representatives expressed concerns regarding various challenges being faced by MSMEs amid COVID-19 pandemic along with few suggestions and requested support from the government to keep the MSME sector afloat.

Shri Gadkari called upon the industry that while the government has allowed certain industry sectors to start functioning, it is also needed to be ensured by industries that necessary preventive measures are taken to prevent the spread of COVID-19. He emphasized on usage of PPE (masks, sanitizer, gloves etc) and advised to maintain social distancing while resuming the offices/business operations. Industries should also arrange shelter and food for the laborer at the work site and focus on preventive measures and business activities simultaneously.

Regarding revival of MSME sector, the Minister said that special focus towards export enhancement is the need of the hour and necessary practices shall be adopted to reduce power cost, logistics cost and production cost to become competitive in the global market.

The Minister also stated that Government of Japan has offered a special package to their industry for taking out their investments from China and move elsewhere. He opined that this is an opportunity for India and should be grabbed.

Shri Gadkari responded to the questions from representatives and requested for sending suggestions and assured all the help from the government. He informed that he would take up the issues with related departments/stakeholders to devise solutions at the earliest. Mr. Gadkari emphasized that all the related stakeholders should work together and tap the opportunities that will be created when the COVID-19 crisis gets over.

PIB Delhi

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