Focus on increasing the share of manufacturing in the country’s GDP by 30%, will help in becoming self-sufficient
The government is moving strongly towards self-sufficient India. At the 93rd Annual Convention of FICCI (FICCI), Union Minister Nitin Gadkari said that under self-sufficient India, the government’s focus is on increasing the manufacturing sector’s share in GDP from 24-26% to 30%. Apart from this, the Indian rural industry has to be increased from Rs 80 thousand crore to Rs 2 lakh crore in the next two years.
‘MSME’s Role in Self-reliant India’
On the subject of ‘Role of MSME in Self-reliant India’ at the FICCI Virtual Convention, the Union MSME Minister said that it is the reed bone in the country’s economy. Apart from this, it is also helpful for the poverty alleviation mission issued by the government. He said that MSME accounts for 30% of the country’s GDP. It also accounts for 48% of the total exports. So far, 11 crore jobs have come in this sector.
Rural industrial growth
Nitin Gadkari said that the government’s focus is on increasing employment and its growth in the rural industry. This will help in ending poverty in the country. Under this, the first priority of the government is villages, poor, laborers and farmers. On this occasion, Gadkari launched the FICCI MSME tool kit. It is an online platform that will help them identify and plan for the right business.
On this occasion, FICCI President Dr. Sangeeta Reddy said that due to Corona, opportunities have also emerged for Indian MSMEs with global chain value. Now a large number of companies are adopting new technologies such as automation, AI, IoT and 3D. With this, domestic companies are ready to compete at the global level.
