How Can Delhi Assembly Speaker Vijender Gupta Promote MSMEs?
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Synopsis
Discover how Delhi Assembly Speaker Vijender Gupta emphasizes the crucial role of MSMEs in India's economic landscape. With a potential to elevate exports significantly, the summit serves as a beacon for innovation and global connections. Join the movement to empower MSMEs and transform India's economic future.
Key Takeaways
- MSMEs contribute significantly to India's exports.
- Growth potential can lead to 60-70 percent share in total exports.
- Innovation and global partnerships are key.
- Empowerment of women and youth is crucial.
- Collaboration can enhance competitiveness.
New Delhi, Aug 18 (NationPress) Delhi Assembly Speaker Vijender Gupta stated on Monday that MSMEs account for nearly 45 percent of India’s total exports, and with the right policy framework, global partnerships, and innovation, this figure has the potential to increase to 60-70 percent.
As the Chief Guest at an MSME summit organized by industry bodies alongside the Services Export Promotion Council (SEPC), he emphasized that the growth of these enterprises is the pathway that will propel India towards becoming an economic superpower.
The summit's theme — ‘Empowering MSMEs, Connecting Globally’ — was pivotal for discussions related to Artificial Intelligence, digital adoption in MSMEs, export strategies, as well as women and youth entrepreneurship, and enhancing international competitiveness.
Gupta highlighted that the summit reflects Prime Minister Narendra Modi’s vision of “Local to Global,” referring to it as “not just a slogan but the manifesto of India’s economic revolution.”
With representatives from over 20 countries — including the US, UK, Russia, and the UAE — the summit serves as a platform for Indian entrepreneurs to tap into new markets, adopt cutting-edge technologies, and broaden their global presence.
“The strength of India lies not only in its large industries but in the myriad small dreams that countless MSME entrepreneurs realize daily. Together, these dreams illuminate the path towards India's development,” stated Gupta.
He encouraged entrepreneurs to transition from “Make in India” to “Made for the World,” a vision inspired by PM Modi, asserting that innovation, quality enhancement, and integration with global supply chains are essential for achieving this aim.
Moreover, he urged women and youth to seize the opportunities arising from government policies, international collaborations, and initiatives like this summit.
“Let us unite in our commitment to empower India’s MSMEs to become global leaders in trade and innovation,” he concluded.
“By leveraging our entrepreneurial spirit, technological advancements, and cultural strengths, we can transform our economy into a dynamic force that fosters inclusive growth,” he stated.
The summit was graced by diplomats, visionary business leaders, prominent industrialists, esteemed scholars, and dynamic entrepreneurs from around the world.
Point of View
It's clear that supporting MSMEs is essential for India's economic growth. The emphasis on innovation and global outreach, as discussed by Speaker Vijender Gupta, aligns with the broader vision of a self-reliant and dynamically growing nation. Ensuring that the MSME sector receives the necessary support is vital for achieving these ambitious goals.
NationPress
05/10/2025
Frequently Asked Questions
What is the role of MSMEs in India's economy?
MSMEs play a crucial role by contributing nearly 45 percent of India's total exports and are key to driving economic growth and innovation.
How can MSMEs increase their export share?
With appropriate policy frameworks, global partnerships, and innovation, MSMEs can increase their export share to 60-70 percent.
What was the theme of the MSME summit?
The theme was ‘Empowering MSMEs, Connecting Globally’, focusing on innovation, entrepreneurship, and international competitiveness.
Who attended the MSME summit?
The summit was attended by diplomats, business leaders, industrialists, and entrepreneurs from over 20 countries.
What vision did Speaker Gupta present?
Speaker Gupta urged entrepreneurs to transition from “Make in India” to “Made for the World”, emphasizing innovation and quality.
