Get App
you are here: HomeNewsEconomyPolicy
Last Updated : Dec 03, 2019 07:47 PM IST | Source: Moneycontrol.com

Will discuss GST-related issues of MSMEs with FM Nirmala Sitharaman: Nitin Gadkari

He said that MSME is an important sector and its vibrancy is crucial to achieve the target of becoming a $5 trillion economy.

Nitin Gadkari
Nitin Gadkari

Trying to assuage the concerns of stakeholders in the MSME ecosystem, Minister Nitin Gadkari on December 3 said he will take up the problems being faced by MSMEs post-implementation of GST with Finance Minister Nirmala Sitharaman.

"Problems exist even after introduction of GST. I will speak to the Finance Minister and try to find a possible solution to help MSMEs," said Gadkari.

MSMEs have been vocal about compliance burden and pending GST dues.

Close

He said that MSME is an important sector and its vibrancy is crucial to achieve the target of becoming a $5 trillion economy.

Addressing the issue of financing, Gadkari said that MSMEs need to look at alternative and innovative sources other than banks. He said NSE and BSE are willing to list MSMEs having high turnover.

He also invited suggestions from industry leaders for export promotion, adding that there is a need to bring down capital cost and logistic cost to become competitive in the international market.

Gadkari also said there is a need to decentralise industry by setting up new industries in backward areas for better economic growth.

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Dec 3, 2019 05:01 pm
Loading...
Follow us on
Available On