NEW DELHI: The Union Minister for Ministry of Micro, Small & Medium Enterprises, Narayan Rane launched a mobile app for Geo- tagging of cluster projects and technology centres on June 28.
The event showcased the launch of various initiatives of the Ministry of MSME, dedicated towards growth and development of MSMEs such as ‘CHAMPIONS 2.0 Portal’ Further, results for ‘MSME Idea Hackathon 2.0’ were declared and ‘MSME Idea Hackathon 3.0’ for women entrepreneurs was launched.
Addressing the gathering, Narayan Rane emphasized the importance of MSMEs in the country’s GDP and exports and expressed hope that MSMEs will contribute to 50% of the country’s GDP by 2030. He congratulated all stakeholders on the event’s success and urged everyone to take steps towards making India a USD 5 trillion economy.
Appreciating the role of Indian MSMEs in the growth of the country’s economy, eminent columnist Bhanu Pratap Singh Verma said that since 2014, India’s GDP ranking has seen a significant jump from 10th to 5th position.
