Nitin Gadkari, Minister of Micro, Small and Medium Enterprises, Government of India, has said that the government will buy 10% of the bonds issued by the MSMEs to support them in tapping the capital market. Speaking at the '12th IWEC Awards & Conference - Connecting Women Businesses Globally: Leading the Way to Innovation and Integration', organized by FICCI Ladies Organization (FLO), Gadkari said that the MSME is an important sector which is directly related to the growth of the country.
MSMEs account for 49% of the exports from the country. The government is planning new schemes to support the MSMEs that have good potential for exports. Replying to queries from several foreign women entrepreneurs with interest in setting-up businesses in India, Mr Gadkari suggested that having an Indian partner would help navigate the regulations in the country and benefit from various government schemes and incentives present in different sectors.
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