Micro, small and medium enterprises (MSMEs) in the country must understand the needs of the foreign market and design their products accordingly to be able to increase the sector’s share in India’s exports to around 60%, union minister of MSMEs Nitin Gadkari said.
Currently, MSME’s contribute around 49% to the country’s exports.
“We have a target that at least 60% of our export from MSME,” Gadkari said at the inauguration of the 39th Indian International Trade Fair here on Thursday.
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Gadkari said that entrepreneurs must identify resources in each state of the country and exploit their potential in accordance with the preference of foreign markets.
Source: Economic Times
