MSMEs call for Rs 5,000 crore-fund, export promotion

The India SME Forum has urged the government to allocate a dedicated fund of Rs 5,000 crore for the development, promotion, and global marketing of Micro, Small & Medium Enterprises (MSMEs) in the upcoming Budget, has reported. With more than 98,000 members, the forum said to enhance India's competitiveness and exports, it was vital to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters in promoting Indian products globally.

Drawing parallels with global counterparts such as the US Commercial Service and Japan's JETRO, the SME forum laid emphasis on promoting Indian products internationally, the report said.

Credit: Money Control