Exam Notification 2024

Government of India plans to create 5 crore jobs in MSME sector

Union Minister of Micro, Small and Medium Enterprises (MSME), Nitin Gadkari addressed the Virtual Horacis Asia Meeting 2020 on November 30, 2020 and stated that, the central government is to create more than 5 crore jobs for MSME sectors only Is making a plan.

In his address, he also said that in the coming years, India will be the top automobile manufacturing center in the world and compared to China, India has more growth potential. He also said that, availability of raw materials, talented young manpower and favorable policies of the Central and State Governments are making India a preferred destination for investment.

More than 400 prominent political leaders and businessmen from Asia and the world gathered during the Horacis Asia Meeting 2020 to discuss ways to overcome the profound political, economic and social disruption that has spread across the world due to the Kovid-19 epidemic Huh.

Carrying out the central government’s plan for the MSME sector during the HORIUS Asia Meeting 2020, Union Minister Nitin Gadkari stated that the Government of India aims to increase MSME’s contribution to economic growth from 30% to 40%. It also aims to increase MSME exports from 48% to 60%.

READ MORE : Central Government Launches “Mission Covid Suraksha”

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