MSMEs will play a key role in employment generation- Suresh Prabhu

The first International SME Convention – 2018 is being convened in New Delhi. Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhuwas the Chief Guest at the inaugural function.

Speaking on this occasion, the Minister congratulated Minister Giriraj Singh for taking leadership in holding this International SME Convention for the first time, in which more than 30 countries are participating. He said that the world is debating strategies to revive global growth, but there are challenges like the rising gap between rich and poor within a country and also between rich and poor countries along with issues likeclimate change and jobless growth. He emphasised that Micro,Small and Medium Enterprises (MSME) will play key rolesin solving these problems.

MSMEs will reduce gap between rich and poor as they are agents of inclusive growth. Micro, Small and Medium Enterprises will help in reducing Green House Gas emissions as they are generally closer to markets leading to reduced carbon footprints.