Govt wants MSMEs to go global
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Not withstanding the plight of small scale entrepreneurs, the government now wants them to look beyond the boundaries of the country. Effort is on to make them financially sound so that they could scale up to meet international quality standards. "There are around 60 million MSMEs in India and they contribute 90% to the industrial sector of the country. It is time for these MSMEs to look beyond the borders and showcase their skills and excellence to the global market," said Dr. Arun Kumar Panda, Secretary, Ministry of MSME, Government of India, at the first World Trade Expo 2017 in Mumbai. "The integration of India's khadi and village industries, micro, small and medium enterprises (MSMEs) in the global value chain is important. India's MSMEs and rural industries are known for 'frugal innovation' and they need to scale up their operation to global level," he added. Read on..

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