Chawla, however, emphasised, The country today needs governments contribution in order to remove the poverty level. This is the right time to make the leap forward and adopt the best practices. Therefore the sector needs three things i.e., upgradation of technology, financing is required so that the projects are timely completed and promotion of product with the help of marketing mix. He also stressed that the targeted delivery of credit should reach to the micro sector. Commercial banks should ensure easy availability of credit to the sector, he added.
He further said that the role of government and state is up to a point that they are meant to leap. The world now recognises that the MSME has reached a level of maturity and role of innovation, enterprise and initiative comes in he further said. MSME secretary Dinesh Rai said that the sector employs 60 million people and contributes 40% to total exports. We are a country of young people and local markets and local expertise with a target of developing 500 million skilled people by the year 2022. Private sector has a pivotal role to play a major way, which would be by PP, he said.