Union Commerce Minister Piyush Goyal set the tone for India’s future at the MSME Conclave in Gujarat, proclaiming the state as the ‘growth engine’ for Viksit Bharat 2047. His speech painted a roadmap where MSMEs play the starring role in national progress.
Gujarat’s strategic advantages shone through Goyal’s narrative: extensive coastline for exports, plug-and-play industrial parks, and a proactive governance model. ‘This is where India’s dreams of becoming a developed economy will take flight,’ Goyal asserted to an enthusiastic audience of entrepreneurs and officials.
Key announcements included enhanced funding for MSME clusters, simplified compliance regimes, and integration with global value chains. Goyal spotlighted success stories of Gujarat’s SMEs scaling up in EVs, renewables, and pharma, crediting schemes like PLI and Atmanirbhar Bharat.
He called for a mindset shift—embracing AI, sustainability, and internationalization. Challenges like raw material costs and regulatory hurdles were acknowledged, with promises of swift resolutions. The conclave featured panel discussions on emerging trends, fostering collaborations.
Wrapping up, Goyal envisioned Gujarat contributing 20% to India’s manufacturing GDP. This isn’t mere rhetoric; it’s backed by data—Gujarat’s GSDP growth outpaces the national average consistently. For MSMEs, the message is clear: partner with this engine to accelerate India’s journey to 2047.
