Conversion of knowledge into wealth is important for development of manufacturing sector: Nitin Gadkari
National
- MSME Minister Nitin Gadkari has said that conversion of knowledge into wealth is important for development of manufacturing sector in India.
- Mr Gadkari said this at a meeting with the representatives of the Engineering Exports Promotion Council to discuss the growth of the sector post the pandemic situation.
- He stressed that effective collaboration and cooperation among all stakeholders in the economy can help overcome the current pandemic.
- During the interaction, the Minister highlighted the importance of MSME sector and applauded the contribution made by the sector in country’s GDP, export and employment generation.
Source: AIR
Related General Knowledge
Ministry of Micro, Small and Medium Enterprises
- The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India.
- Founded: 2007
- Headquarters: Udyog Bhawan, Rafi Marg, New Delhi - 110 011
- Jurisdiction: India
- Annual budget: 6,552.61 crores INR
- Departments: National Small Industries Corporation, National Institute of Micro, Small and Medium Enterprises
- Officeholders: Nitin Gadkari (Union Minister)