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Government Policies

MSMEs are the backbone of country’s economy: Speaker Vijender Gupta

Last updated: August 19, 2025 12:10 am
Published: 8 months ago
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New Delhi, Aug 18 (UNI) Delhi Assembly Speaker Vijender Gupta today said that the Micro Small and Medium Enterprise industries ‘MSMEs’ are the backbone of the country’s economy, and this sector contributes nearly 45 per cent to the total exports.

Gupta, while delivering the keynote address as Chief Guest at the MSME Global Summit 2025, said that with the right policy framework, global partnerships, and encouragement of innovation, this contribution by the sector may rise to 60-70 per cent.

The BJP leader said the summit embodies Prime Minister Narendra Modi’s call of local to global, describing it as “not just a slogan but the manifesto of India’s economic revolution”.

He said that the country’s strength does not rest only in its large industries, but in the countless small dreams that millions of MSME entrepreneurs are fulfilling every day.

Gupta said that these small dreams are together showing the country the path towards becoming a developed nation.

With participation from trade representatives of over 20 countries — including the US, United Kingdom, Russia, and the United Arab Emirates, this summit provides a platform for Indian entrepreneurs to access new markets, adopt advanced technologies, and expand their global footprint, he said.

Gupta called upon entrepreneurs to move beyond “Make in India” towards “Made for the World”, a vision inspired by PM Modi, stressing that innovation, quality enhancement, and integration with global supply chains are key to achieving this goal.

He also urged women and youth to seize the opportunities being created through government policies, international collaborations, and similar platforms like this summit.

Speaker urged all stakeholders to come forward in a spirit of collective resolve, and stated “Let us collectively pledge to empower India’s MSMEs to emerge as global leaders in trade and innovation. By harnessing our entrepreneurial spirit, technological advancement, and cultural strengths, we can transform our economy into not merely a self-reliant one but a dynamic force that drives inclusive growth.”

Read more on http://www.uniindia.com/fadnavis-orders-probe-into-mumbai-pub-fire/states/news/1090400.html

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