New Delhi, Sep 27 (KNN) India's hope of becoming 5 trillion dollar economy won't be possible until and unless Micro Small and Medium Enterprise (MSME) start playing more vital, crucial, critical and important role in the entire economy, said MSME Secretary Dr Arun Kumar Panda here on Thursday.
NEW DELHI: India may cut or eliminate tariffs on 80% of products imported from China under a 16-country free trade agreement, the last round of negotiations for which is underway in Vietnam.
MUMBAI: Union Minister for Road Transport and Highways Nitin Gadkari on Friday said that more micro, medium and small enterprises (MSMEs) should get listed on the exchanges to fund growth and reduce the burden on the lending sector.
Amid rising clamor among domestic businesses against India’s existing Free Trade Agreements (FTAs), the revenue department has started assessing shortcomings of each deal, which have led to spiraling trade deficit.
Finance Minister Nirmala Sitharaman held a meeting with secretaries and financial advisors of a few ministries on Friday in Delhi and said that the ministries have cleared most of the dues of goods and services to suppliers, mostly MSMEs.
Promoting the growth of small-scale industries and MSME businesses has been one of the most important priorities of the Government. When the MSME sector grows, it creates more jobs and tackles the problem of unemployment and poverty.