Union Minister Piyush Goyal has stated that the Government's initiatives to increase local value addition have successfully supported both large industries and Micro, Small, and Medium Enterprises (MSMEs). Speaking at a review meeting of the SCALE Committee, he emphasised that these efforts are also contributing significantly to job creation across the nation. The Minister stressed the importance of finding new methods to enhance local manufacturing value in key sectors, especially given current global supply chain disruptions, to strengthen India's position in evolving global value chains.
Multiple interventions by the Government to enhance Local Value Addition have benefitted not only the large Industries but also the MSMEs, says Shri Piyush Goyal
Government efforts leading to greater employment generation in the country: Shri Goyal
Shri Piyush Goyal chairs SCALE Committee meet
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FAQ :
Multiple interventions by the Government to enhance Local Value Addition have benefitted not only large industries but also MSMEs.
These efforts are leading to greater employment generation in the country.
The meeting was a review of the Steering Committee on Advancing Local value-add & Exports (SCALE).
It is important to explore innovative ways to increase Local Value Add in critical manufacturing sectors amidst worldwide value chain disruptions, to enhance India's presence in emerging global value chains.
Industry and exports representatives from sectors including Auto Components, White Goods, Semiconductor Manufacturing, Plastics, Furniture, Bicycles & e-cycles, Batteries, Leather & Footwear, and Fisheries participated.