MSME Minister Narayan Rane inaugurates MSME Pavilion virtually at World Expo 2020 Dubai
Union Minister of MSME Narayan Tatu Rane and Minister of State for MSME Bhanu Pratap Singh Verma virtually inaugurated the MSME Pavilion at World Expo 2020, Dubai in the presence of officials from the Government of Dubai and dignitaries joining from all over the country. B B Swain, Secretary, MSME Ministry, and Vinai Kumar Saxena, Chairman, Khadi and Village Industries Commission (KVIC) were also present in the virtual event.
The World Expo 2020 Dubai, held under the Bureau International des Expositions (BIE) aims at bringing together millions of people for the world’s exceptional show, celebrating human brilliance and achievement with the theme “Connecting Minds, Creating Future”.
The participation by the Ministry of MSMEs in the Expo is aimed at developing an understanding of the micro, small, and medium enterprises (MSME) ecosystem in India as well as enabling interaction with governments of different countries, businesses, and industry leaders.
The Union Minister also launched the Khadi India Film produced by Khadi and Village Industries Commission (KVIC). In his inaugural address, Rane said that the MSME sector plays a significant role in terms of job creation and expanding manufacturing base.
“Today, MSMEs have over six crore units employing over 11 crore people and are a significant contributor to the economic growth with over 30 percent of contribution to the GDP and over 48 perent of overall exports from India. The Ministry's focus is to create a benchmark for MSMEs across the country by scaling them to new heights in terms of exports, quality of products, contribution to GDP and providing world-class infrastructure and state-of-the-art technology to all MSMEs operating in India.”
Bhanu Pratap said that MSME Ministry has been undertaking various important initiatives to boost the MSME sector and has been actively engaged in spearheading initiatives like finance facilitation, capacity building and skill training, facilitating market linkages, technology upgradation, etc for the overall inclusive development of MSMEs across the country.