Govt All Set To Build An ‘ Like’ E-Commerce Portal For The MSME Sector: Nitin Gadkari

The Logical Indian Crew India

July 8th, 2019 / 12:10 PM

Nitin Gadkari E-commerce Portal

Image Credit: NewsX

A day before the union budget was presented, on July 4, union Micro, Small and Medium Enterprises (MSME) Minister Nitin Gadkari announced in the Lok Sabha that the central government is aiming to create an e-commerce website to sell products from the MSMEand Khadi sector. This is done in order to increase the contribution of these sectors to the Indian economy as micro, small and medium enterprises contribute to 29% of the country’s GDP.

MSME ministry’s new e-commerce will resemble China’s Alibaba and America’s This new platform will not only connect the traders directly with the customers but will also increase their market value, its contribution to GDP as well as employment.

“Amazon in the US and Alibaba in China did a world of good to their MSME sector. On those lines, for MSME and Khadi Gramudyog, we are going to launch a big marketing site. The preparations have started and a lot of people and industries will have access to it,” the Union Minister said.

India’s MSME sector is a huge stakeholder in the country’s economy and has generated jobs for millions of people but the only thing it lacks is the capability to market its products and reach to new customers. Government plans to curb this issue with the help of this website which will increase the sales and meet the target of making the MSME sector reach 50% of Indian GDP in the next five years.

This step is expected to increase the employment rate by bringing a lot of job opportunities as well as attracting more people to start their businesses to sell on the site. The estimate of employment through this step is 15 crore jobs.

“Targets should be big…our target is that in the next five years, we will contribute 50% to India’s gross domestic product (GDP), and we will give employment to 5 crores (more) people,” Gadkari said.

When questioned by the opposition on whether the government will be able to walk the talk, Gadkari said that he has fulfilled all his promises and he will happily welcome all the criticism if he fails in this plan but till now, he has achieved all that he said just like making roads.

Also Read: Budget 2019 Thrusts On Releasing India’s Entrepreneurial Spirit


Written by : Prashant Bhatia (Intern)

Edited by : Shraddha Goled

Related Stories

Data Localisation Spelled Out Of E-Commerce Policy, Commerce Minister Piyush Goyal Clarifies

Adani Group Defamation Suit Withdraw

Adani Follows Ambani’s Footsteps, To Withdraw All Defamation Suit Against News Portal ‘The Wire’

In Affidavit, Nitin Gadkari Shows Increase In Income By 140% In 5 Years

Nitin Gadkari Clarifies

“I Always Keep Poll Promises” Nitin Gadkari Clarifies His Statement On BJP’s Tall Promises

Nitin Gadkari Clarifies

[Watch] “People Remind Us Of Our Promises, We Just Laugh And Move On,” Says Union Minister Nitin Gadkari

MHA To Honour Good Samaritans With ‘Jeevan Rakshak Padak’: Nitin Gadkari

Latest on The Logical Indian


How Kabir Singh Influenced A ‘Lover’ To Murder A Woman In ‘Bollywood-Style’


A Woman’s Nightmare At Mysuru’s Dasara; Are Public Celebrations Only For Men?

Get Inspired

This Navi Mumbai Society Is Harnessing Solar Energy To Charge Cars


Al-Hind Takes Responsibility For Murder Of Hindu Leader Kamlesh Tiwari In WhatsApp Video


India’s First Sports University To Come Up In National Capital Soon


OYO Faces Backlash As 15-Yr-Old Boy Dies Of Electrocution In Delhi Hotel Room


Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.