Government launches many MSMEs initiatives: PM
Prime Minister Narendra Modi stressed the need of producing “Zero Defect zero Effect” components on Tuesday, stating that MSMEs in India have a significant chance to become a reliable component of the global supply chain.
He was giving a speech at the Madurai special event “Creating the Future – Digital Mobility for Automotive MSME Entrepreneurs.” The PM unveiled two significant initiatives in advance of the occasion with the goal of assisting and advancing MSMEs in the Indian automotive sector. “TVS Open Mobility Platform” and “TVS Mobility-CII Center of Excellence” are two of the efforts. The expansion of smaller MSMEs throughout the nation is aided by these programs.
PM Modi began his statement at the function by extending the customary Tamil welcome, “Vanakkam.” According to him, Tamil Nadu has shown its technological prowess on a worldwide scale, particularly in the automobile industry.
He was pleased that the event’s topic was “Creating the future – Digital Mobility for Automotive MSME Entrepreneurs” and he complimented TVS Company for uniting aspiring young and MSMEs on one platform.
highlighting the fact that the car industry contributes around 7% of the nation’s GDP. The PM recognized the contribution of the car sector to the advancement of manufacturing and innovation. He continued by saying that MSMEs in the sector are just as important to the car industry. The Prime Minister emphasized the need to focus on quality and durability and said, “The global possibilities are knocking on our doors as many cars in the world use components manufactured by Indian MSMEs, thus our MSMEs have a great opportunity to become a strong part of the global supply chain.”
