As per news reports, MSME Minister Nitin Gadkari said in the Lok Sabha that the government has decided to launch a portal on the lines of Alibaba in China and Amazon in the US for selling products manufactured by small industries within a month.

The minister quoted that this move will generate a turnover of ₹ 10 lakh crore in the next two years of its launch. He also said in the Lok Sabha that it will provide a good opportunity to the MSME sector which contributes significantly in job generation and promoting growth of the country.

The minister said, what Alibaba has done to China’s growth and Amazon in the US, India has also decided to have a portal dedicated to the MSME sector.

The MSME minster quoted, “we have also decided to launch a portal for promotion of MSME and we have also spoken to GeM (Government e-Market place) and I have also discussed with Piyush Goyal (Commerce and Industry Minister). We are launching a new portal for MSME. It will be launched in a month,” he added.

Published On : 07-08-2019

Source : Sme Futures