Gadkari further said that Ministry will soon launch a new e-commerce website ‘Bharat Mart’ to enable MSMEs to sell their products in local as well as international markets.
Gadkari also said the government’s priority is for an integrated development of the rural and agro based enterprises along with the urban based enterprises.
The Minister said that the government is in talks with ADB and World Bank to set up a credit line. He said there are several opportunities in development of honey, bamboo, textiles, bio-fuels, water transport, fisheries, dairy, food processing in the rural areas and ancillary units of defence, railways, highways, waterways and other industries in the urban areas.
He said that the government aimed to increase MSME’s present share of the GDP to 50 percent, up from 29 percent in the next five years and raise its export contribution to 60 percent, up from 49 percent. To achieve these targets, logistics, power and capital cost will need to be reduced.
Gadkari said that 200 SMEs are registered on the stock exchange, and he urged more companies to register.The problem of delayed payments to MSMEs is also being looked into by the government and the UK Sinha Committee Report will soon be implemented.
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