New Delhi, Oct 29 (KNN) Union Minister for Micro Small and Medium Enterprises (MSMEs) Nitin Gadkari while lauding the MSME contribution in country's Gross Domestic Product (GDP) has said that the government's target is to double the turnover  received from handloom and village-based industries. 

Speaking at The Luxury Symposium recently Gadkari said, “We are receiving great turnover, to the tune of Rs 85,000 crore from handloom and village-based industries. Our target is to double the turnover. This will ultimately create more jobs.''

In a bid to double the annual turnover to over Rs 1.7 lakh crore of Indian handloom, handicrafts and rural industry, the Narendra Modi-led government has rolled out a slew of initiatives. Gadkari elaborated on the government’s efforts to encourage designers, artisans and craftsmen to increase production besides new research and innovations in these sectors.

Gadkari further said that a number of programmes have been launched to make khadi global, given the abundance of raw material and skilled manpower available in the country. 

“Our government’s mission is inspired by Mahatma Gandhi…We are implementing the economy on socio-economic thinking of Gandhiji, i.e. to create maximum employment in rural, agriculture and tribal sector,” Gadkari said, adding that the KVIC has been the main agency encouraging production in these areas.

The Minister said that the MSME sector, contributes 29 per cent of the country’s GDP, while it contributed to 49 per cent of the total export of India. The target is to increase the export from MSME sector to 60 per cent while creating 5 crore new jobs in the next five years. Gadkari said that in a bid to promote village industries, the government has made kulhars mandatory at 400 railway stations across the country and promised to implement the same at the Indian airports in coming future.

Published On : 29-10-2019

Source : KNN India