MSMEs will continue to lead economy
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-02-01

MSMEs will continue to lead economy

Union Minister for Micro Small and Medium Enterprises, Virbhadra Singh Monday said that the Indian MSME sector will continue to play a crucial role for the nation's economy.

Union Minister for Micro Small and Medium Enterprises, Virbhadra Singh Monday said that the Indian MSME sector will continue to play a crucial role for the nation's economy.

Inaugurating the 26th India International Leather Fair (IILF) in Chennai, Singh said, "The MSME sector contributes 40 percent of the country's exports. It would continue to play a major role in the future also providing majority of the employment opportunity."

On leather exports, he pointed out that the industry is one of the engines of India's economic growth with 75 percent of the industry output contributed by the MSME sector.

He assured the leather exporters that the government would do what ever the industry requires for growth.

The IILF is organised by Indian Trade Promotion Organisation (ITPO) and Council for Leather Exports (CLE).


Speaking at the function, CLE Chairman Rafeeque Ahmed said the size of the Indian leather industry is estimated to be in the region of $7 billion of which nearly $3.5 billion comes from exports.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You Must GRAB!!..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Men's footwear
    About: Wayne Wright Shoes are a perfect combination of comfort and..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Dhaba is an award-winning chain of Punjabi Dhaba &Theka..
    Locations looking for expansion Delhi
    Establishment year 1962
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Clinics & Nursing Homes
    About Us: Our practice is built on the belief that every..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts