Gujarat’s CM inaugurates India’s first IACC. It will help MSMEs expand their exports. MSMEs are the backbone of the Indian economy. The unsung heroes of the Indian economy are finally getting the attention and support they need in their business. It is best to support the MSMEs as they contribute a major chunk of India’s GDP. Gujarat CM took a step towards MSMEs growth. How will it impact the growth of the growth of the MSMEs positively? Let us decode it below.
Gujarat’s CM Inaugurates India’s First MSME Center Of Excellence
Gujarat’s CM Bhupendrabhai Patel inaugurated India’s first IACC. The government wants the MSMEs to expand themselves in the exports. However, it was not possible because of a lack of support. However, the government is supporting MSMEs with a lot of schemes. Apart from that, this new initiative will help all the MSMEs in Gujarat especially in Ahmedabad to excel in their exporting skills. Exports require a lot of things to be understood. However, it is only possible with the help of a guide. Thus, IACC will be a guide for the MSMEs that will help them effectively cater to the export markets.
In the inauguration, the Chief Minister further highlighted other important aspects of the IACC. The initiative will help the MSMEs to do business easily, have supportive policies, and prompt clearance. According to the government’s data, the number of registered MSMEs is 19.80 lakhs in Gujarat. While many are unregistered as well. The registered ones alone are employing the 1.07 Crores of people.
MSMEs’ importance is currently highlighted. Several schemes are introduced in its favour. Everyone knows the importance of the MSMEs nowadays. IACC currently has 14 offices across India and 38 Partner organisations in the US. Gujarat is a state of business. It supports a lot of ideas and businesses. Both the small and large enterprises get an edge setting up in Gujarat. While MSMEs in many states still struggle to get the required support. The MSMEs are now all ready to give their best performance in Gujarat.
Increasing the exports of MSMEs will not only help them earn more, it will also increase domestic manufacturing. Apart from that, it will also increase employment opportunities as more and more things start manufacturing in India. Thus, the support of the government will encourage new MSMEs to come forward. It will also encourage the unregistered MSMEs to register. Overall, it will lead to the growth of the MSMEs. Stay tuned for more information.