Honorable Minister for Road Transport & Highways and the Minister of Micro, Small and Medium Enterprises, Mr. Nitin Gadkari shared insights on the present conditions of the MSME sector at the unveiling of 100 Emerging Businesses of India. The Union Minister also shared the significant role of these small and medium businesses in pushing the country’s economic growth and in promoting equitable development.
The MSME sector has emerged as a dynamic sector of the Indian economy in the last few decades and contributes approximately 30% to the GDP and accounts for approximately 50% of our exports. Mr. Nitin Gadkari also stated that through promoting, empowering, and strengthening the MSME sector, their contribution to India’s GDP should be raised to 40%.
In the event, the Union Minister has also shared his thoughts on the continuing political disturbances in Maharashtra and the rising cases of Coronavirus in the country. Mr. Gadkari has also emphasized the preventive measures people should follow in order to keep the disease away.
ABP Network’s Emerging 100 event lists down the 100 emerging businesses of India that are future-driven, innovative, and efficient, and are also adding prosperity to the country. ‘Coffee Table Book’ was also unveiled at the event as an extension of the recognition provided to these 100 emerging businesses. As per one of FICCI’s reports, the MSME sector has been creating 11.10 crore jobs across the nation.
At the event, Mr. Avinash Pandey, CEO, ABP Network said, “My heartiest congratulations to all the 100 shortlisted businesses for the exceptional work done. Your dedicated efforts towards nation building truly deserve today’s acknowledgment.”
“The Emerging 100 initiative has been designed to recognize and empower the most innovative, efficient, and future-driven businesses of India and give more power to the growing MSME sector. Despite stellar and unswerving contributions, these companies, which exist as the ‘Backbone of India’s economy have not been celebrated and feted enough. We hope our efforts will help lead an entrepreneurial revolution and help Indian businesses spread their wings on the world stage.”He added.
