MSMEs, industries must be made import-substitute for self-reliance: Gadkari

In order to make India self-reliant, the Ministry of Micro, Small and Medium Enterprises (MSMEs) and industries have to be made import-substituting, cost-effective, pollution-free and indigenous entities, said Union Minister Nitin Gadkari.

“As per a study, the top-10 export major categories of China contribute to 70 per cent of China’s exports. We should identify imports to India. For moving towards self-reliant India, the first thing we have to do is to make our MSMEs and industries import-substitute, cost-effective, pollution-free and indigenous,” said Gadkari at ‘India at 75 Summit- Mission 2022’, organised by the Confederation of Indian Industry (CII) via video conferencing on Saturday.

Gadkari also said, “The private sector should think more about tribals, villagers, farmers and other marginalised sections while talking about growth.”

The Union Minister of MSME said the eradication of poverty and employment generation are “big challenges” in front of the government.

He underlined that MSME sector has created approximately 110 million jobs across the country. However, the problems remain in the listing of the MSMEs, he said.

Gadkari said the country should aim to shift the population from big cities to newer smart cities and smart villages by creating livelihood opportunities there.

The summit organised by CII emphasised on “reinventing technology in India” by combining the best of local and global talent, innovation and capital.