NAGPUR: The Government is working on two policies to increase micro,
small and medium enterprise (MSME) exports and bring down imports by
encouraging local production, Union MSME and Road Transport Minister
Nitin Gadkari said recently.
While addressing a gathering during the Small Micro Enterprise (SME)
conference at Nagpur, Mr. Gadkari said the MSME sector contributes 29%
to the country’s growth and 48% of exports are done through MSMEs.
Similarly, around 10 to 11 crore jobs have been created in MSMEs.
“The Government is working on two policies. Firstly, in terms of how to
support and increase exports in industries which are into the export
business,” the Minister said.
The leather industry has a total turnover of Rs. 1,40,000 crore, of
which Rs. 80,000 crore to Rs. 90,000 crore is domestic and Rs. 45,000 to
Rs. 50,000 crore is from export.
He further said the Government is also working on a policy to increase
indigenous production of products that are being imported.
“Products that are being imported should be manufactured in the Country
itself. We are in talks with the Commerce Ministry on these two
policies and it is in the final stages,” Mr. Gadkari said.
Mr. Gadkari emphasised on three important factors — reducing capital
cost, power cost and logistic cost — to become competitive in the
international market, which have also been discussed while making the
new policy, he said.
No comments:
Post a Comment