Stating that the Micro, Small and Medium Enterprises (MSMEs) form the backbone of the Indian economy and provide employment to crores of families across the country, Madhya Pradesh Chief Minister Dr Mohan Yadav said on Sunday that the state government is continuously encouraging the establishment of employment-oriented industries in Madhya Pradesh.
The structural transformation of the Indian economy over the past decade has been anchored by a fundamental shift in the credit architecture, moving away from a historically top-heavy banking model toward a decentralized, inclusion-driven framework.
Uttar Pradesh is taking sustained and concrete steps to establish itself as a major textile and apparel export hub in the country.
Greer also claimed that India has agreed to eliminate tariffs on industrial goods under the trade agreement with the United States, cutting average levies to zero from the current 13.5 per cent.
Senior BJP leader Sanjay Tandon on Tuesday welcomed the agreement, describing it as “a defining moment in the India-US relations and a clear signal of India’s growing stature in the global economic order.”
The exhibition halls hosted B2B meetings, live demonstrations, and industry interactions, underscoring the growing linkages between the armed forces, industry, and academia.
The Centre has stepped up efforts to digitally empower Micro, Small and Medium Enterprises (MSMEs), including those led by Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs, through a series of e-commerce and online marketing initiatives.
Delivering the keynote address as Chief Guest at the MSME Global Summit 2025, Gupta said that with the right policy framework, global partnerships, and encouragement of innovation, the sector’s contribution could rise to 60–70 per cent.
Even as chief minister Mamata Banerjee has warned urban and rural civic bodies against burdening residents and businesses with excessive taxes, industrialists in Malda’s Gazole block say they are facing exactly that issue.
Additionally, nearly 20 per cent of respondents, especially in the manufacturing and services sectors, reported above-normal capacity utilisation. Around 29 per cent anticipate higher utilisation in the next 12 months.
