: ‘MSMEs have manufacturing cost advantage’ #FinanceIndia #StockMarketNEWS #Business New Delhi: There is tremendous potential for Indian engineering MSMEs to be integrated into the global value

@StockMarketNEWS Tue 25 Jan, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

‘MSMEs have manufacturing cost advantage’ #FinanceIndia #StockMarketNEWS #Business
New Delhi: There is tremendous potential for Indian engineering MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, the two most significant interventions required are related to credit assistance and technology upgradation, MSME Secretary B.B. Swain said on Thursday.

The MSME Ministry has been working closely with other Ministries and Departments to facilitate the ease of doing business for MSMEs, he said in his address at the inaugural session of MSME Conclave organised by EEPC India.

MSMEs contribute around 30%to India’s GDP and have a 50 per cent share in the country’s exports. MSMEs engaged in manufacturing engineering products are about 29 per cent of the 67 lakh MSMEs which have registered since July 1, 2020 on the Udyam registration portal. In the National Manufacturing Policy, manufacturing output has been targeted to increase MSMEp?&H???X?][??H??????H???Y?H?]Y8?&[?Y?][??[?X[?T?Q????[?[YH?Z[??&K?[X?Y[?H[?]Y??[???[??Y???Y][?Xx?&??YH?Y?[YH??[??[?H?[YHY][?[?H??[??K?????[??KH?[??[?Y????X??H??[?H????]?[??[X?H?????Y?HY???[??YYX?Y?[?HY????[?[??X??????]????X??[Y[?Y]???X?[?[??X?^??X??H??[?H?]]?[[?????[Z[?]H?]?Y[?H?]?H?????[???[??[?[??X[[??]][????[?H[?H?[[????????[?Z[?H^???[?[X[?????]?[??X?[]H[??X?HYX????]??[???[?[?[?[????]]?[]H??Z[??H????Y[??[?H?X????K]YY??H??8?&T?Q?]?HX[?Y?X??[?????Y?[?Y?x?&HX?Y????H?]?[?[Y?

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