Terming employment generation as one of his priorities, MSME Minister Nitin Gadkari on Thursday said that the MSME sector offers huge potential and the government is ready to come out with special policies to promote import-substitute products.
Jaipur: Nearly 500 companies got approval on the MSME ordinance portal launched nine days ago by chief minister Ashok Gehlot for setting up projects and all were given approvals immediately by the nodal agency of the industries department.
The Textile industry is one of the largest source of employment generation in the country with over 45 million people employed directly and another 6 crore people in allied sectors, including a large number of women and rural population.
India's government is working with the Reserve Bank of India as well as private banks to reduce lending rates for exporters, commerce minister Piyush Goyal said on Friday.
New Delhi [India], June 21 (ANI): Union Textile Minister Smriti Irani on Friday said the central government announced many "key reforms" such as relaxation of Sections of Income Tax Act and incentives to boost the domestic apparel sector to enable it to compete with multinational brands.
Finance Minister Nirmala Sitharaman on June 21 chaired a pre-Budget meeting with Finance Ministers of states and Union Territories.