Poor infrastructure a challenge for MSMEs: Virbhadra Singh
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-02-09

Poor infrastructure a challenge for MSMEs: Virbhadra Singh

Inadequate infrastructure is a major hurdle for the Micro, Small and Medium Enterprises (MSMEs) in the food and agriculture sector, said Union Minister for MSMEs Virbhadra Singh on Tuesday. He sought

Inadequate infrastructure is a major hurdle for the Micro, Small and Medium Enterprises (MSMEs) in the food and agriculture sector, said Union Minister for MSMEs Virbhadra Singh on Tuesday. He sought more private sector investments to help the sector overcome the challenge.

"I recognize that inadequate infrastructure is a major problem faced by this important sector. Expanding public investment is also necessary in building rural on-farm infrastructure like primary processing centers, collection centers, cold chain etc. We should reflect on how best we can increase private sector investment in these areas," Singh said, while addressing the second Food and Agri Exporters Conclave organized by ASSOCHAM in New Delh.

Singh added that the government has introduced a number of supportive policies to meet its goals such as increased focus on agro-based small &medium industries in the trade policy, automatic approval for foreign equity up to 100 percent in food processing units and significant customs duty exemption.

He also highlighted that despite being a major food producer, India's share in world food trade is less than 2 percent. There is very high wastage and low value addition in our country, which further add loss in the business opportunities and farm income as well.

The MSME ministry has implemented various schemes and programmes to enable the micro and small enterprises (MSE) including food processing industry to enable them to complete in the global market and strengthen their export competitiveness, the minister added.

Related opportunities
  • Coffee Shop Franchise Opportunities in India – Why BrewBakes? About Us: Over..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Quick Service Restaurants
    About Us: Cafe social is focused on providing a safe and..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About: Born out of passion, Papa Cream is an innovative and..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  •   Run your own preschool & provide quality education by joining..
    Locations looking for expansion Goa
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 900
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
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