MSMEs Are Nation's Biggest Asset: Shah

NAAC sacks a fifth of its assessors amid probe

- Press Trust of India

AHMEDABAD: Union minister Amit Shah on Thursday called Micro, Small and Medium Enterprises the country's "biggest assets", and asked the Gujarat Chamber of Commerce and Industry to integrate the tradition of small industries with startups to create a new ecosystem for the youth. Shah was speaking after inaugurating the Gujarat Annual Trade Expo here through video link.

As the GCCI recently completed 75 years, Shah said its management should prepare a roadmap for the next 25 years. "MSMEs are our biggest asset. Every major industry once began as a small-scale enterprise. GCCI should integrate the tradition of small industries with startups and modernize it to create a comprehensive ecosystem for the youth. The Chamber should act as a bridge between the government, small industries, and aspiring youths," he said.

To help the MSME sector grow in Gujarat, the Chamber should also work on attracting ancillary industrial units, Shah added. The GCCI should create a permanent unit to help the government formulate as well as implement policies, the Union minister said.

"When the Chamber is moving towards its centenary celebration after completing 75 years of its establishment, I urge the management to prepare a professional road-map of this upcoming journey of 25 years and align it with Gujarat's development," said Shah.