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MSMEs boost business

MSMEs boost business

 Prime Minister, Narendra Modi, exhorted corporate India to pledge itself to the creation of a New India - an India that fulfils the aspirations of the poor and needy, gives fillip to domestic industry, big and small, where Micro, Small and Medium Enterprises (MSMEs) are hand-held by large corporates to serve the requirements of the people in every nook and corner of the country.

Addressing captains of trade and industry while inaugurating the Federation of Indian Chambers of Commerce and Industry (FICCI), the Prime Minister said it now devolves on industry leaders to turn their attention to minimising imports to fuel domestic production.
PM Narendra Modi said “The poor seemed to be struggling against the existing system for things such as bank accounts, gas connections, scholarships, pensions etc”. The Union Government is working to end this struggle, and to create a system that is transparent and sensitive. Jan Dhan Yojana is one example of this, and increasing "ease of living" has been the focus of the Union Government. The Prime Minister said that his Government was working to strengthen the banking system, while pointing out that, “The issue of NPAs is a legacy received by the current Government from the last government. It was open lot of people’s hard earned money.”
Mr. Narendra Modi said “I hope FICCI has some plan to generate large-scale awareness among small traders”.
The Prime Minister mentioned policy decisions taken in sectors such as urea, textile, civil aviation, and health and the benefits achieved from them. He also spoke of reforms in sectors such as defence, construction, food-processing etc.

The Prime Minister said “FICCI have a key role to play in sectors such as food processing, start-ups, artificial intelligence, solar power, healthcare etc.”
 Rashesh Shah, President-elect, FICCI
The bold reforms undertaken by the Government of India with speed, scaleand decisiveness have enthused FICCI. FICCI would steadfastly work towards making Prime Minister’s vision of ‘New India’ a reality and would redouble to promote its efforts in sectors such as MSME, start-ups and women entrepreneurship. 
 Sanjaya Baru, Secretary General, FICCI at the outset welcomed the Prime Minister and the huge gathering of business leaders, Ambassadors and business delegates. 

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