June 20: The Minister has called for stronger empowerment of Micro, Small and Medium Enterprises (MSMEs), stating that the sector must play a central role in driving innovation, expanding exports, and strengthening overall economic growth.
Highlighting the importance of MSMEs in India’s economic structure, the Minister noted that the sector is a major contributor to employment generation, manufacturing activity, and entrepreneurial development. Strengthening MSMEs, he said, is essential for building a more resilient and competitive economy.
The Minister emphasized the need to improve access to finance, technology, skill development, and market linkages to enable MSMEs to scale effectively and compete in both domestic and global markets. He further stressed that innovation-led growth will be critical for enhancing productivity and improving the global competitiveness of small businesses.
Reiterating the importance of exports, the Minister urged efforts to integrate MSMEs more deeply into global value chains. Expanding export capabilities, he noted, will help diversify markets, increase foreign exchange earnings, and create new employment opportunities across sectors.
The government, the Minister added, remains committed to supporting MSMEs through targeted policy measures, digital adoption initiatives, and capacity-building programs aimed at fostering long-term, sustainable growth.