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India has undertaken numerous initiatives to support MSMEs: FM

Union Finance Minister Nirmala Sitharaman has said that the Indian Government has undertaken numerous initiatives to support MSMEs, from easing access to credit, redefining size thresholds, facilitating prompt payments from large buyers and simplifying compliance burdens.Over the past decade, a significant thrust on infrastructure development has also created a strong foundation for manufacturing-led growth by bolstering investor confidence, she stated this during a fireside chat with Professor Steven J. Davis on ‘Laying the foundations for a developed India Viksit Bharat by 2047’, at the Hoover Institution Hoover Institute at Stanford University Stanford in California on Tuesday. Ms Sitharaman said, "India’s journey to become a ‘Viksit Bharat’ by 2047 is not merely an aspiration but a shared national mission powered by a vision for inclusive, sustainable, and innovation-led growth."

Earlier,  Finance Minister Nirmala Sitharaman met several senior executives and business leaders in San Francisco and discussed bilateral areas of cooperation in sectors such as technology, artificial intelligence, energy and digital infrastructure as well as opportunities to enhance investment collaboration between India and the US.  

The participants shared with FM Sitharaman their views on the reforms pursued by the Government of India and gave feedback and observation on the existing policy framework. They spoke about their keen interest and commitment for a deeper and broad based investment collaboration between USA and India and shared feedback on how to further facilitate and enhance the investment. experience.

(Business Correspondent)

 


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