https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

MSME Sector Now Accounts for 40% of India’s Total Production and Exports, Playing a Key Role in Economic Growth

Union Minister of State for MSME Shobha Karandlaje highlights sector’s role in national growth, announces new skill training centre in Bengaluru
Indian Masterminds Stories

New Delhi: Union Minister of State for Micro, Small and Medium Enterprises (MSME) Shobha Karandlaje highlighted the critical role of the MSME sector in India’s economic growth, stating that it contributes 40% to the country’s total production volume and exports. She made the remarks while inaugurating the MSME Marketing Summit organized jointly by National Small Industries Corporation Ltd (NSIC) and the Karnataka Small Scale Industries Association (KASSIA).

Addressing the gathering, the Minister said the MSME sector is a driving force behind India’s progress and has been actively contributing to key sectors including agriculture, food processing, defence, space, and artificial intelligence.

Skill Development & Viksit Bharat Vision

To further empower the sector, Karandlaje said the government, under the leadership of Prime Minister Narendra Modi, launched a dedicated Skill Training Division. The division focuses on equipping women and youth with globally competitive skills through various training programs and government schemes.

In a major announcement, the Minister revealed plans to establish a world-class training centre in the Peenya Industrial Area of Bengaluru, Karnataka — a move expected to boost skill development and entrepreneurship in the region.

Read also: PM Narendra Modi Invites Global Investors to Join India’s Rapid Economic Growth at Global Fintech Fest 2025

Call for Swadeshi and Atmanirbhar Bharat

Shobha Karandlaje emphasized the need for a ‘Swadeshi mindset’, urging stakeholders to contribute toward the vision of a self-reliant (Atmanirbhar) India. She also reaffirmed the government’s commitment to building a “Viksit Bharat” by 2047, marking 100 years of Indian independence.

Improved Market Access and Quality Standards

The Minister noted that the government has prioritized the promotion of local markets, as well as improved access to the Government e-Marketplace (GeM) and international platforms to boost MSME product visibility and ease of doing business.

She further stressed the importance of meeting global export-quality standards to ensure that Indian-made products remain competitive in the global market.

Highlighting sustainability, Karandlaje encouraged the production of organic food products to build a healthier society and cater to the growing global demand for natural and eco-friendly products.

Read also: Madhya Pradesh Travel Mart 2025 Set to Boost Global Tourism with Participation from 27 Countries in Bhopal


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Meteor missile Rafale
Rafale + Meteor: India to Acquire 'Flying Lion' for Rafale Jets, Capable of 200 km Air Strikes
Hindustan Shipyard Limited
India Maritime Week 2025: Hindustan Shipyard Limited Highlights Advanced Shipbuilding and Green Maritime Technologies
ONGC_Director_Production_awarded_
Bharat Fire & Safety Congress 2025: ONGC’s Pankaj Kumar Honoured as Fire Safety Leader in Oil & Gas Sector
Operation Dakabeda Jharkhand Police
5 IPS Officers, 9 Police Personnel Receive Union Home Minister’s Medal for Naxalite Operations; Jharkhand Police Destroys Naxalite Hideouts
MHA Logo
1,466 Personnel Honoured with ‘Kendriya Grihmantri Dakshata Padak’ 2025: Police, CAPF, and CPOs Recognized
CAPFs
Big: SC Dismisses Union Government’s Petition to Review Reduction of IPS Officers in CAPFs
Mumbai Railway Vikas Corporation Limited (MRVCL)
PESB Selects Abhishek Swami as Director (Finance) for MRVC to Boost Mumbai Rail Infrastructure
IREDA_CMD_Shri_Pradip
IREDA Boosts Renewable Energy in North-East India with ₹3,500 Crore Financing, Eyes 5 GW Capacity Expansion
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-31 at 13.49
Walking with the Wild: How Dr. Sonali Ghosh is Protecting Assam’s Forests
Former IAS Anil Swarup
Former IAS Anil Swarup Reveals His Secrets of Success
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
ADVERTISEMENT
UPSC Stories
IAS Gokul S
Meet IAS Gokul S — The Officer Who Turned Disability into Determination | Video Interview 
Visually impaired IAS officer Gokul S turned his challenges into change, empowering hundreds through...
Parmeshwar Chaudhary RAS
From Taunts to Triumph: How Farmer’s Son Parmeshwar Chaudhary Rose from Lab Assistant to SDM, Securing Rank 3 in RAS 2023
Parmeshwar, once taunted over his SI selection, has scripted a stunning success—securing Rank 3 in RAS...
IAS Rupal Rana UPSC
How Rupal Rana Cracked UPSC CSE 2023 with AIR 26 After Four Attempts
UPSC Topper Rupal Rana secured AIR 26 in 2023 after four attempts. Learn her preparation strategy, booklist,...
Social Media
Tenzin Yangki IPS Arunachal
Historic First: Who Is Tenzin Yangki, Arunachal Pradesh’s First Woman to Join IPS? Anand Mahindra Hails Her
She secured an impressive 545th rank in the prestigious UPSC Civil Services Examination - 2022.
IFS Parveen Kaswan
Heartbreak by the River: 15-Day-Old Elephant Calf Rejected by Mother, Rescued by IFS Parveen Kaswan and His Team
Jaldapra, West Bengal: In a moving incident that tugs at the heart, a 15-day-old elephant calf was rescued...
Ashwini Bhide IAS and Anand Mahindra
Who Is IAS Ashwini Bhide, Hailed as a Role Model for Mumbai Metro Transformation by Anand Mahindra?
From heritage to high-tech: Bhide’s leadership in Metro Line 3 earns public praise and admiration
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Meteor missile Rafale
Rafale + Meteor: India to Acquire 'Flying Lion' for Rafale Jets, Capable of 200 km Air Strikes
Hindustan Shipyard Limited
India Maritime Week 2025: Hindustan Shipyard Limited Highlights Advanced Shipbuilding and Green Maritime Technologies
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-10-31 at 13.49
Former IAS Anil Swarup
IAS Gokul S
ADVERTISEMENT
ADVERTISEMENT