MSME dues to be paid within 45 days, Centre to bring law: Nitin Gadkari ANI | Updated: Jan 21, 2021 09:44 IST
New Delhi [India], January 21 (ANI): In order to boost micro, small and medium enterprises (MSME) sector and strengthen the Atmanirbhar Bharat programme, the Central Government is looking forward to bringing a law that will make it mandatory to pay the dues of MSMEs within 45 days, said Union Minister of Micro, Small and Medium Enterprises Nitin Gadkari on Wednesday.
Addressing the members from All India Association of Industries, Gadkari said, All MSME receivables should be paid within 45 days. Delayed payment is a major problem faced by MSMEs. We are thinking to bring a law to protect their interests.
The Centre is working with State Bank of India to launch an E-portal on the lines of Amazon to facilitate Medium, Small and Micro Enterprises to sell their products, Transport & MSME Minister Nitin Gadkari said here on Wednesday. At present, Amazon.com generates a business of around Rs.70,000 crore annually for Indian MSMEs, which can be enhanced by a dedicated E-Portal to enable them complete with global brands, he said at a webinar organised by All India Association of Industries President Vijay Kalantri. Stating that the government aims to increase the share of MSME sector in total exports from the current 48 percent to 60 percent in the coming years, Gadkari said that this would go a long way in boosting the Atmanirbhar Bharat programme of Prime Minister Narendra Modi.
Centre plans E-portal to sell MSME products: Gadkari
By IANS |
Published on
Wed, Jan 20 2021 18:51 IST |
0 Views
New Delhi: Union Minister for Road Transport and Highways, Nitin Gadkari inaugurated and laid foundation stones for 33 NH projects in Karnataka through video conferencing, from New Delhi on Dec 19, 2020. These projects include 1197 kms long roads wor. Image Source: IANS News
Mumbai, Jan. Jan 20 : The Centre is working with State Bank of India to launch an E-portal on the lines of Amazon to facilitate Medium, Small and Micro Enterprises to sell their products, Transport & MSME Minister Nitin Gadkari said here on Wednesday.
At present, Amazon.com generates a business of around Rs.70,000 crore annually for Indian MSMEs, which can be enhanced by a dedicated E-Portal to enable them complete with global brands, he said at a webinar organised by All India Association of Industries President Vijay Kalantri.