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2015-01-12

MSMEs to play greater role in economic revival: Kalraj Mishra

The government\'s \'Make in India\' campaign will increase the share of manufacturing sector in GDP from the present 14-15 per cent to 25 per cent by 2022.

MSME Minister Kalraj Mishra said that micro, small and medium enterprises (MSME) sector will have a big role to play in the revival of the country’s economic revival as this sector is set to emerge as a potent tool to exploit the demographic dividend enjoyed by India, according to a PTI report.

"The MSME sector, owing to its inherent characteristics and innate strengths will play a much larger role in revival of Indian economy and emerge as a potent tool to exploit the demographic dividend enjoyed by the nation at present,” said the Minister, while addressing a symposium on MSME sector.

As per the PTI report, the symposium is being attended by more than 400 delegates representing various government departments, industry associations, academia, financial institutions and experts connected with the MSME sector.

The Minister also added, “The government's 'Make in India' campaign and its emphasis upon increasing the share of manufacturing sector in GDP from the present 14-15 per cent to 25 per cent by 2022 have the potential of transforming the fortunes of the sector.”

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