S. Jaishankar asked government to stand up for MSMEs

S. Jaishankar asked government to stand up for MSMEs

Govts should support businesses, especially MSMEs: EAM JaishankarOn Friday, Minister of external affairs S Jaishankar asked for support to domestic businesses, especially micro, small and medium enterprises (MSMEs).

“This realisation is very sharp in India. We need to stand up for our business and that doesn’t mean just big business, it means MSMEs,” Jaishankar said.

He said that the government has not done many things to support the domestic businesses whereas it is their responsibility to support them.

“People today expect the government to bat for them. It’s not just the business of Indian diplomacy to do business, it’s the business of the government to support businesses. Every government in the world does that, we in India haven’t done that enough and I think that is changing,” he said.

What is the definition of Micro, Small and Medium Enterprises?The theme for this year`s fifth Asia Economic Dialogue (AED) 2021 that Jaishankar addressed was ‘Post Covid-19 Global Trade and Finance Dynamics’.

The Asia Economic Dialogue 2021 (AED 2021) is being jointly convened by the Ministry of External Affairs (MEA) and Pune International Centre (PIC).

According to ANI, many foreign ministers of many countries, senior bureaucrats, industry leaders and global financial experts participated in the conference. The conference saw International support.

After the meeting, Jaishankar said in a tweet, “Pleasure to participate at the Asia Economic Dialogue. Always good to talk with my colleague Marise Payne. Thank MEA and Pune International Centre for organising the engaging conversation on ‘Resilient Global Growth in a Post-Pandemic World’.”

Need to stand up for MSMEs...people expect govt to bat for them': Jaishankar  | Hindustan TimesIn a different virtual event, Prime Minister Narendra Modi also discussed about the schemes that are meant to uplift small businesses in the country.

“Self-reliant India will be made of our MSMEs, will be made of our startups. That is why special schemes were formulated for MSMEs during the Covid-19 pandemic under which around 90 lakh enterprises have been given credit worth ₹2.4 trillion,” he said while referring to the financial services in year`s budget presented by Union finance minister Nirmala Sitharaman earlier this month.

“Self-reliant India will not be made up of just big industries or big cities. In a self-reliant India village, small entrepreneurs in small towns will be made up of the hard work of ordinary Indians. It will be made up of farmers, units making agricultural products better,” Modi added.

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