Government to soon announce relief package for MSME sector: Nitin Gadkari

Nitin Jairam Gadkari, Minister of Road Transport and Highways & Micro, Small and Medium Enterprises (MSME), Govt of India, has said that government is likely to announce a relief package for the MSME sector soon.

Addressing the webinar on e-unveiling of ‘FLO Compendium of 100 Successful Women Entrepreneurs in MSME, organised by the FICCI Ladies Organisation (FLO) of the industry chamber FICCI, Gadkari said, “We have sent recommendations for a relief package to the finance minister and prime minister, and I hope it will be announced soon. We will try to give relief to the extent possible.”

He further said that all stakeholders must adopt an integrated approach to come over the crisis while ensuring the lives and livelihood of the people. The minister also urged the industry to have a positive attitude during this time to tide over this crisis.

“We will win the fight against corona along with the economic crisis and make India the superpower nation. Hum honge kamyab (We shall overcome),” said Gadkari.

Highlighting the economic crisis across the world, Gadkari said that it is a golden opportunity for Indian industries and entrepreneurs to explore new businesses. “It is a blessing in disguise,” he added while welcoming the global players to invest in India with full government support.

He added that industry should focus more on innovation, entrepreneurship, science and technology, research skill and experiences to convert the knowledge into wealth. He further said that in order to gain competitiveness in the international markets, the industry must focus on reducing costs.

“Our focus will be to reduce the logistic cost, capital cost, power and production cost without compromising the quality,” Gadkari added.

FLO Compendium of 100 Successful Women Entrepreneurs in MSME was also e-unveiled by Gadkari during the webinar.

Harjinder Kaur Talwar, President, FLO, said, “It is highly encouraging to see that we have a huge repertoire of women entrepreneurs in our country. No success is complete without documenting it. This is an attempt to collectively showcase the success stories of women in MSME, documented and recorded as inspirations for the next generation of women entrepreneurs.”