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.
Mr Gadkari said that the MSME sector currently contributes to about 48 per cent to the country’s export and this has to be further enhanced by means of technological up gradation and product development.