Govt aims to raise MSME share in exports and GDP to 50% in next 5 years: MSME Minister

Minister urges key stakeholders to come together to boost the Khadi sector


The Union Minister for Micro, Small and Medium Enterprises and Road Transport and Highways, Nitin Gadkari has said that the Government has taken up a mission-mode project of creating 5 crore jobs in 5 years in the MSME sector.


 He said that the Government has decided to take the proportion of MSME exports to 50% and to increase the GDP contribution of the MSME sector from 29% to 50% in the next 5 years. The Minister said this while addressing a business summit Globalizing the Brand Khadi: The Pride of India", organized by the Confederation of Indian Industry (CII), in Mumbai today.


Addressing the gathering of industry and other stakeholders, the Union MSME Minister, Nitin Gadkari also said: A distinction is often made between India and Bharat. There are many problems in villages due to which people migrate from villages to cities in search of jobs. We need to stop this phenomenon; we want that people do not have to come to cities due to lack of jobs. This would happen when we are able to provide good roads, schools, hospitals, farm revenue and economic viability for occupations in rural areas. 


This is why Gandhiji used to say that we need maximum production with the involvement of maximum number of people. Along with modernization and mechanization, we need to look at employment opportunities as well. Innovation, entrepreneurship, science, technology, research and skill generate knowledge, which needs to be converted into wealth.