PM assures small and medium industry of continued support

December 8th, 2008 - 10:22 pm ICT by IANS  

Manmohan SinghNew Delhi, Dec 8 (IANS) Prime Minister Manmohan Singh Monday assured micro, small and medium enterprises (MSMEs) of the government’s support to weather the global financial crisis. Addressing the members of the All India Confederation of Micro, Small and Medium Industries Associations, who called on him, the prime minister said a committee of officers, set up under the cabinet secretary, will look into the issues raised by MSMEs, and submit its recommendations to the government within a fortnight.

He added that the government was committed to inclusive growth and would continue extending support to the MSME sector to enable it “flourish”.

The prime minister has noted that MSMEs generate 42 million jobs and account for 45 percent of manufacturing and 40 percent of exports.

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