Dr Jitendra Singh Calls for Linking StartUps with MSMEs

· 8th India International MSME & StartUp Summit

· The Minister addresses the 8th India International MSME & StartUp Summit and Expo as Chief Guest in New Delhi; Says, government is encouraging unique local products to reach the global markets and, in the process, strengthening the Indian economy

Addressing the 8th India International MSME & StartUp Summit and Expo, as chief guest, Dr Jitendra Singh said, this sector has played an important role in shaping the Atma Nirbhar Bharat and added that the government has substantially increased the budget in the last eight years to strengthen the MSME sector. The Minister also informed that the government is encouraging unique local products to reach the global markets and, in the process, strengthening the Indian economy.

Referring to the introductory remarks of Rajnish Goenka, Chairman, MSME-DF, wherein he said that the MSMEs account for almost one-third of India’s economy and over 11 crore people are connected with the sector, Dr Jitendra Singh said, even the Union Budget 2022-23 has presented a comprehensive package of policy announcements aimed at supporting the recovery of MSME, hit hard by COVID pandemic.

Dr Jitendra Singh was pleasantly surprised to find huge number of Agri MSME stalls and pointed out that a new wave of Agritech start-ups has emerged in the country in the last few years and these start-ups are solving problems related to supply chain management, improper infrastructure and inability of farmers to access a wider range of markets. He also said that young entrepreneurs are now quitting their jobs in the IT sector and MNCs to establish their own startups, as these young entrepreneurs are now beginning to realise that investing in agriculture is one of the very few safe and profitable businesses.