Ease of Doing Business for MSMEs: MSME Minister Nitin Gadkari has been urging MSMEs to take benefit of the current crisis faced by China as an opportunity to grow. The minister had asked the industry to attract investments from businesses as “some countries are looking to move away their investments from China.”
Ease of Doing Business for MSMEs: The prevailing anti-China sentiments, triggered by the Galwan valley skirmish last month between armed forces of India and China, hasn’t brought about noteworthy changes in terms of new business opportunities for MSMEs, according to a survey. 79 per cent of the 345 MSME respondents surveyed recently by credit rating agency Care Ratings said that they are not getting new contracts from large manufacturers despite the growing chorus to boycott import and use of Chinese goods. MSMEs were expected to benefit with increased with the number of orders from manufacturers instead of latter importing goods from China.
MSME Minister Nitin Gadkari has also been urging MSMEs to take benefit of the current crisis faced by China as an opportunity to grow. The minister had asked the industry to attract investments from businesses as “some countries are looking to move away their investments from China,” Gadkari had told FICCI representatives in April this year.
Source: Financial Express
