Working on idea of land bank to help small businesses: Nitin Gadkari

The minister also said there was a need to think how India could increase exports and reduce import dependence

Union Minister Nitin Gadkari (pictured) on Monday said the government was working on the idea of a land bank and a social microfinance institution to help people run small shops and businesses.

Addressing a virtual MSME conclave organised by the Ficci Karnataka State Council, the minister said there was a need to think how India could increase exports and reduce import dependence. Speaking about Chinese exports, Gadkari said 30 per cent of the entire global manufacturing is based in China and there are 10 major export categories that comprise 70 per cent of its overall exports, including fields like electrical machinery and