Union Minister of MSME Nitin Gadkari on Wednesday pledged to increase the business of village industry from Rs 80,000 crore to Rs 5 lakh crore in two years.
Addressing the Confederation of Indian Industry (CII) Global MSME Business Summit, the Union Minister stated, “Currently, the turnover of our village industry is Rs 80,000 crore. My mission is to make it Rs 5 lakh crore in 2 years. “
Gadkari said that while speaking on the topic of ‘reboot: rebound: rewinding demand and supply side’, he said that the central government aims to create five crore more jobs in the next five years. “Currently, there are 110 million people employed in the MSME sector. Our goal is to create 5 crore more jobs in the next 5 years. “
Speaking further during the event, Union Minister Gadkari said, “To build a self-sufficient India, the most important goal for ministries is to strengthen the Indian economy and for this reason, we need to increase exports at the same time, which we need to Need to reduce imports
Last month, at the Virtual Horacis Asia meeting, Gadkari said that the center plans to take MSME’s contribution from 30 percent to 40 percent to economic growth.
“Our aim is to bring MSME contribution from 30 percent to 40 percent economic growth and increase MSME exports from 48 percent to 60 percent. The government is planning to create 5 crore more jobs only from MSME sectors.
