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Government takes major steps for micro, small and medium enterprises' future 

News Track Live , Sep 25, 2020

The Government has set up five Task Force to prepare India's micro, small and medium enterprises for the future and prepare a concrete plan to make India a major exporter. A top governance officer informed about the same. MSME Secretary AK Sharma expressed confidence that it would be on the path of determining future initiatives by the beginning of the coming year.

"We have set up five main task force who will be led by our chief officers," Sharma said in a virtual session by FICCI, an industry and commerce organisation. These five task men will work for one month in five major areas that we feel the Indian industry, especially the MSME sector, should move forward in these areas". He also said that one of the five identified locations is Industry 4.0, which includes dimensions such as artificial intelligence, 3D and virtual reality. The task force has been set up with the aim of making the country a global leader in Industry 4.0.

"With this mission and goal, the workforce will work for one month, adopt the best practices of the world, get opinions from the experts and reach out to the Ministry within a month with concrete plans and points of action," the secretary said. Also sharing details on another workforce, he said that the second sector is the reduction in export promotion and imports, which include a focus on key manufacturing locations and improving our quality standards, design and technology and packaging. These things are being done to improve the economic situation in the country.