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MSMEs integral to large businesses, industrial growth: Goyal
Dec-06-2024

Union Minister of Commerce & Industry, Piyush Goyal has said that MSMEs are integral to large businesses and industrial growth, adding that the Government is willing to earmark areas to MSMEs in the 20 townships being built across the nation. Further noting that MSMEs are pivotal to supporting large industries in their ecosystem, the Minister said that he would speak to States to look at providing areas to MSMEs for developing their businesses in townships and industrial parks. He also added that MSMEs can be provided land at concessional rates to develop their businesses in the townships. 

On rising consumption patterns of the country, Goyal highlighted that India must become a developed nation on the back of sustainability. He said ‘We can’t encourage waste.’ Reiterating his stand, Goyal said that emerging and developing countries have to bear the brunt of the environmental degradation due to the developed countries who have been outsourcing their production to other nations. He said rather than blaming the manufacturer for the carbon emission, it is directly related to consumption. 

Goyal said countries with the ‘developed’ tag attained that status on the back of low-cost energy supplied by coal-based powerplants for over 100 years as they industrialized their economies. He also emphasized that India, whereas, has revered nature over the decades and has realized a circular economy far before than the developed countries.


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