SMEs must strive to produce world class products: Piyush Goyal

SMEs must strive to produce world class products: Piyush Goyal

Agency News

New Delhi, Jan 7 : The Micro, Small and Medium Enterprises sector has better adaptability to cater to the export market due to its smaller size and can adapt to market change sooner, said Union Commerce and Industry Minister Piyush Goyal.

During a meeting here on Monday to discuss with MSME associations, various industry issues and examine the steps that may be taken to resolve them, the Minister urged the SME sector manufacturers to produce high quality goods following international standards, so that exports from the SME sector may become a part of the global value chain.

Many issues pertaining to the MSME sector were put up for discussion with the Commerce and Industry Minister by MSMEs through the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), SME Chamber of India and the PHD Chamber of Commerce and Industry.

The most important issues that were discussed in the meeting included the problems faced by SME units in accessing credit from banks, delay in payments from Public Sector Units and Government departments, the issue of GST refund, the dearth of skilled manpower in the SME sector and the issue of differing wages in states across the country.

Goyal assured the SME sector that the Government will give all support and help in the skilling of manpower required for the sector and in all other areas that require intervention of the Ministry of Commerce and Industry, according to an official statement here on Tuesday. (UNI)