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HUGE PACKAGE AND NEW MSME DEFINITION WILL GIVE BIG BOOST TO INDUSTRY: GADKARI

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Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari on 17 May said that the relief package announced by the Union Government for different sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give huge boost to industry.

  • He called for exploring the rating of MSMEs and asked the participants to give suggestions for effective implementation of Fund of Funds announced as part of the package for MSMEs.
  • Shri Gadkari said that there is need to explore Agro MSME and Fishing MSME sector.
  • He urged the industry to maintain a positive attitude during these times to tide over the present crisis as negativity is not in anybody’s interest.
  • Recalling that Government of Japan has offered special package to its industries for taking out Japanese investments from China and move elsewhere, he opined that it is a good opportunity for India which should be grabbed.