Gujarat CM Bhupendra Patel Praises ‘Laghu Udyog Bharati’ for Boosting MSMEs
Gandhinagar (Gujarat) [India], September 29: Gujarat Chief Minister Bhupendra Patel praised the ‘Laghu Udyog Bharati’ for its significant contribution to Micro, Small, and Medium Enterprises (MSMEs) in India. Speaking at a meeting in Vadodara, he highlighted the organization’s role in increasing production and employment.
India’s Economic Growth
Patel noted that under Prime Minister Narendra Modi’s leadership, India has become the fifth-largest economic power globally. He credited initiatives like ‘Ease of Doing Business’ and ‘Make in India’ for making the country self-reliant and the largest manufacturer of mobile phones.
Role of ‘Laghu Udyog Bharati’
‘Laghu Udyog Bharati’ is an all-India organization for Micro and Small Industries, established in 1994. It operates in over 575 districts across 27 states with more than 51,000 members. Patel emphasized the importance of innovation and technology in benefiting small industries and moving towards ‘Make for the World.’
MSMEs: The Backbone of Development
Patel described MSMEs as the backbone of the country’s development, noting their momentum due to increased investment in Gujarat. He urged the organization to communicate state government policies to the public.
Prime Minister’s Remarks
Earlier, Prime Minister Narendra Modi, in his ‘Mann Ki Baat’ address, stated that MSMEs have greatly benefited from the ‘Make in India’ campaign. He expressed joy in seeing various sectors like automobiles, textiles, aviation, electronics, and defense thriving, attributing this success to the country’s youth and rising Foreign Direct Investment (FDI).
Doubts Revealed
Gujarat CM -: Gujarat CM stands for Gujarat Chief Minister. The Chief Minister is the head of the government in the state of Gujarat, which is a part of India.
Bhupendra Patel -: Bhupendra Patel is the current Chief Minister of Gujarat. He is a political leader responsible for the administration of the state.
Laghu Udyog Bharati -: Laghu Udyog Bharati is an organization in India that supports small industries. ‘Laghu Udyog’ means small industries in Hindi.
MSMEs -: MSMEs stands for Micro, Small, and Medium Enterprises. These are small businesses that play a big role in the economy by creating jobs and producing goods.
PM Modi -: PM Modi refers to Prime Minister Narendra Modi, who is the head of the government of India.
Ease of Doing Business -: Ease of Doing Business is a set of rules and policies that make it easier for businesses to start and operate in India.
Make in India -: Make in India is a campaign started by the Indian government to encourage companies to manufacture their products in India.
FDI -: FDI stands for Foreign Direct Investment. It means money that comes from other countries to invest in businesses in India.