Scope for Indian MSMEs as countries look beyond China for supplies

Union Minister Nitin Gadkari said that with the global supply chain undergoing significant restructuring, and countries looking to diversify their supply out of China, Indian MSMEs have a great opportunity of being integrated into these global supply chains. He saiddigitally empowering MSMEs (micro, small and medium enterprises) will propel the country faster towards the vision of Digital India and catapult Make in India to go global and create digitally enabled robust business that power livelihoods in the entire community.
They are the backbone of our country, and the MSME sector has created more than 11 crore jobs contributes to 1/3 of the country’s GDP (gross domestic product) and around half of its exports,” said Gadkari at e-commerce giant Amazon’s flagship event Amazon Smbhav 2021. “With time it has become increasingly clear that the technology will be a very critical factor in defining the success and competitiveness of Indian MSMEs both domestically as well as globally in the days to come.”