Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-01-04

There is a strong need to support SMEs: Manmohan SIngh

Prime Minister Manmohan Singh on Friday said that his government did not succeed in creating adequate jobs in the manufacturing sector during his decade-long tenure and so there is a strong need to support small and medium enterprises (SMEs), which can be a major source of good quality employment.

Prime Minister Manmohan Singh on Friday said that his government did not succeed in creating adequate jobs in the manufacturing sector during his decade-long tenure and so there is a strong need to support small and medium enterprises (SMEs), which can be a major source of good quality employment.

 

In a press conference organised at National capital, Singh said, "we have not been as successful as we need to be in generating employment in the manufacturing sector...We need a much stronger effort in support of small and medium enterprises, which can be a major source of good quality employment. Our manufacturing strategy gives high priority to this objective for the future."

 

Singh expresses his concern over three points. "First, I am concerned that we have not been as successful as we need to be in generating employment in the manufacturing sector. This is an aspect of performance which we are working hard to correct. We need a much stronger effort in support of small and medium enterprises, which can be a major source of good quality employment."

 

Accepting his failure to check inflation, he said, "Second, we have also not been as successful in controlling inflation as we would have wished. This is primarily because food inflation has increased. However, we should remember that those who produce food gain from higher prices. Also our inclusive policies have put more money in the hands of the weaker sections."

 

He said that to keep food prices in control India needed to increase supplies and also improve marketing arrangements and logistics. This is especially important for items which are perishable, such as fruits and vegetables. Much of this work lies in the domain of the States.

 

"Third, we are deeply committed to the objective of combating corruption. An array of historical legislations has been enacted to make the work of the Government transparent and accountable. Governance has been made more answerable as never before," said PM. 

 

Related opportunities
  • Fine Dine Restaurants
    About Us: Mirch Masala, a venture of Ahura Restaurants Private Limited,..
    Locations looking for expansion Ahmedabad
    Establishment year 1992
    Franchising Launch Date 2008
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Prahaladnagar Ahmedabad
  • About Us: Attitude is a distinguished brand name that has carved..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • About Us: Wonderchef is a leading brand of Kitchenware founded in 2009 in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: A new eatery in town serving  authentic Hungarian chimney..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
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