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
zoo patna
Bihar: Patna Zoo to Be Transformed with ₹10 Crore Upgrade, Eco-Friendly Toy Train and Modern Visitor Amenities
mou
NHAI Signs MoU with Norwegian Geotechnical Institute to Enhance Tunnel Engineering and Highway Safety in India
IIFCL
FSIB Recommends T.D. Sivakumar as DMD of IIFCL After Merit-Based Selection of Nine Candidates 
rec
REC Ltd Wins “NBFC of the Year” Award at 2026 Bharat NBFC & FinTech Summit for Infrastructure Financing Excellence
mohan cm
Madhya Pradesh Dairy Sector Grows 11% as CM Mohan Yadav Pushes State Toward India’s “Milk Capital” Status
NTPC Green
NTPC Green Energy Q4 FY26 Results: PAT Rises to ₹94.44 Cr, Board Approves ₹5,000 Cr Fundraising Plan 
cm yadav
Madhya Pradesh CM Mohan Yadav Promotes Organic Farming in Tribal Areas, Orders Study of Dantewada Model 
BSE Bombay Stock Exchange
BSE Revamps Major Indices: Ashok Leyland, One97 Communications and CG Power Join BSE 100 Reconstitution 
ADVERTISEMENT
ADVERTISEMENT
Videos
Vikas Vaibhav
How IPS Officer Vikas Vaibhav Turned a Dream Into Bihar’s Biggest Youth Movement
ChatGPT Image May 18, 2026, 06_13_11 PM
Building a Premium Island Economy, One Indigenous Product at a Time
Rupinder Brar
Rupinder Brar Beyond the Desk: Music, Mindfulness & the Many Sides of a Civil Servant
ADVERTISEMENT
UPSC Stories
Ajay Gupta UPSC IFS 2025
How Ajay Gupta Cleared Both UPSC Civil Services and Indian Forest Service Exams in 2025
Ajay Gupta from Chhattisgarh secured AIR 91 in UPSC IFoS 2025 and AIR 452 in UPSC CSE 2025. Read about...
Sankalp Dixit IFS 2025
From Bhopal to AIR 8 in UPSC IFS 2025: How NIT Trichy Gold Medalist Sankalp Dixit Cracked India’s Toughest Exam in Just 3 Attempts
Sankalp Dixit secured AIR 8 in UPSC IFS 2025 through disciplined self-study, consistency, and smart preparation,...
WhatsApp Image 2026-05-19 at 1.33
The Engineer Who Left High-Frequency Trading to Crack UPSC in One Shot
From IIT Bombay and high-frequency trading to UPSC CSE 2025 AIR 194, Shreyansh Barodiya’s first-attempt...
CSR NEWS
REC
REC Foundation Signs ₹1.20 Crore MoA with LLRM Medical College to Boost Healthcare Access in Meerut
Mobile Medical Unit to Deliver Doorstep Healthcare Services to Underserved Communities in Uttar Pradesh....
mcl
MCL Partners with CIPET Bhubaneswar to Train 40 Youths in Electrician & Fitter Trades Under ₹1.26 Crore CSR Initiative
Through a 2-year residential ITI programme, Mahanadi Coalfields Limited aims to boost employability by...
cmpdi
CMPDI Boosts Maternal and Child Healthcare in Bilaspur with Advanced Medical Equipment Donation to SIMS
Under CSR initiative, CMPDI Regional Institute-V provides USG machine, fetal monitors, and central monitoring...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
zoo patna
Bihar: Patna Zoo to Be Transformed with ₹10 Crore Upgrade, Eco-Friendly Toy Train and Modern Visitor Amenities
mou
NHAI Signs MoU with Norwegian Geotechnical Institute to Enhance Tunnel Engineering and Highway Safety in India
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Vikas Vaibhav
ChatGPT Image May 18, 2026, 06_13_11 PM
Rupinder Brar
ADVERTISEMENT
ADVERTISEMENT