Policies framed to create 5 crore jobs in MSME sector: Nitin Gadkari

November 15
21:29 2019

Union minister Nitin Gadkari on Friday said the Centre has designed policies to generate five crore jobs in the Micro, Small and Medium Enterprises (MSME) sector over the next five years.

He was speaking at the inaugural session of the second edition of ‘Innovation Conclave’ organised here by Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) in collaboration with Deutsche Gesellschaft fr Internationale Zusammenarbeit (GIZ) GmbH and the MSME Ministry.

“At a time when cities are growing at a rapid pace, we need to go for decentralisation of development with a focus on agriculture, tribal and rural development sectors.

“We need technology and innovation for sustainable development of agriculture, rural and tribal development sectors,” he said.

The MSME Minister called for the need to create satellite townships around cities to decentralise industrial development.

He said the Centre was taking steps to boost the growth of MSME sector “by lowering the costs of logistics, power and capital”.

“The Union government has designed policies to generate five crore jobs in the MSME sector in the next five years,” he said.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.

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