Home / Knowledge / News / E-commerce / Bharat Craft e-com platform to launch soon: MSME minister

Bharat Craft e-com platform to launch soon: MSME minister

11
Sep '19
Pic: Shutterstock
Pic: Shutterstock
Indian ministry of micro, small and medium enterprises (MSME) plans to develop a marketing portal called 'Bharat Craft' for pushing its products, MSME minister Nitin Gadkari recently announced. The portal will provide a direct interface between buyers and sellers, he said at an event organised by the IMC Chamber of Commerce and Industry in Mumbai recently.

In the next two to three years, this portal will have a turnover of about ₹10 lakh crore, Indian media reports quoted the minister as saying. The government is looking at the over 63 million enterprises in the MSME space as a major growth engine and employment generation source, he said.

According to Gadkari, the MSME sector currently contributes 29 per cent to the country's gross domestic product and the government wants to scale this up to 50 per cent in the next five years.

To achieve this, the government will need to create new channels for funding, make the sector investor-friendly, bring in technological innovations, reduce logistics cost to make home-grown products competitive and provide adequate skills and market support, Gadkari told a top business daily.

Meetings are being held with the Asian Development Bank, the World Bank and German state-owned development bank KfW for providing low-cost capital to Indian MSMEs and the government has received ‘positive’ responses, he added. (DS)

Fibre2Fashion News Desk – India


Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Top executives, Textile industry

Top executives
Textile industry

GST has levelled the playing field to an extent

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search