NEW DELHI, July 4: The Government is in the process
of launching a portal for marketing of goods made by MSMEs and
khadi industry on the lines of Chinese e-commerce portal
Alibaba and USA’s Amazon, MSME Minister Nitin Gadkari said
Wednesday in the Lok Sabha.
He said the micro, small and medium enterprises (MSMEs)
contribute about 29 per cent to the country’s GDP (Gross
Domestic Product) and the government is taking steps to
significantly increase that.
“We have fixed the target to increase the share of MSME
to 50 per cent of GDP in the next five years,” he said, adding
the sector would also add 15 crore jobs.
On this target, it was heard that some opposition members
raised their voice about previous such targets which were not
On this, Gadkari said they can question this target, if
he would not meet it.
“Like we have achieved all targets of the road ministry,
we would achieve this also,” Gadkari said.
Lok Sabha Speaker Om Birla said that if members want half
an hour discussion on steps being taken by the government on
the MSME sector, he would allow that.
He said countries like China have pushed their growth by
strengthening the MSME sector and India is also focusing on
He said problems being faced by the MSMEs include cost of
credit, marketing of products, labour issues, management
issues, and cost of working capital.
The ministry is working with different stakeholders to
resolve these issues, he said.
“On cost of credit, we are talking with the ADB and the
World Bank. We did a meeting with them,” he said.
Alibaba and Amazon provide a big global platform for MSME
players, so based on this “we are working to launch a
marketing website for MSMEs and khadi industry,” he said.
Citing an example, he said through this portal a bee
keeper can sell his/her product to any part of the world. (PTI)